Nayax and Paycult join forces

An agreement has been reached between Nayax and Paycult, which will provide Nayax with a direct path to large organisations implementing Paycult’s products and solutions, as Nayax’s complete cashless payment solutions can be part of Paycult’s product offerings and delivered as an integrated product.

Nayax and Paycult are an ideal fit, as Nayax’s cashless payment solution offers multiple, open payment solutions to Paycult customers. In addition to accepting payments with prepaid cards, Nayax will expand payment possibilities in these institutions by allowing users to pay with open payment methods, including swipe, swipeless or via NFC, for the use of popular credit cards such as Visa and MasterCard or mobile and banking apps such as ApplePay, AndroidPay, Maestro, Twint and more.

Institutes such as universities, hospitals, corporations can use Nayax’s all-in-one solution can increase consumer satisfaction, improve productivity and increase revenue.

Norbert Schreiert, CEO, Paycult, said: “With Nayax, we can offer our customers a better purchasing experience, opening the closed environment to new payment methods. This increases the potential for increased revenue and happier consumers.”

Klaus Eilers, country manager, Nayax Germany, added: “Paycult is a force in the catering and vending industry in the German market and this partnership opens many opportunities for working with institutes. Providing Nayax’s cashless payment solution to closed environments allows institutes to generate additional sales, strengthen their brand vis-à-vis consumers, all while increasing consumer satisfaction.”