Nayax To Acquire On Track Innovations (Oti), A Provider Of Smart Payment Solutions For Approximately $4.5 Million In Cash
Nayax To Acquire On Track Innovations (Oti), A Provider Of Smart Payment Solutions For Approximately $4.5 Million In Cash
01/20/22, 12:06 PM
Location
herzliyaIndustry
financial services
e commerce
Nayax Ltd. (TASE: NYAX), a global commerce enablement and payments platform designed to enable retailers to provide consumers with digital, cashless, connected commerce experiences, and enhance consumer loyalty and conversion, today announced that it has entered into a binding term sheet to acquire On Track Innovations Ltd. (OTI) (OTC-QX: OTIVF), for approximately $4.5 million in cash.
Company Info
Location
Herzliya, Tel Aviv, Israel
Company info
Nayax is a global commerce enablement, payments and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. As of December 31, 2024, Nayax has 11 global offices, approximately 1,100 employees, connections to more than 80 merchant acquirers and payment method integrations and globally recognized as a payment facilitator. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency.