SafeCharge makes minority investment in Israeli cashless payments firm

16th Dec 2016 08:36

(ShareCast News) - Payments company SafeCharge International Group has made a minority investment in Israeli firm Nayax, a provider of cashless payments for unattended machines, for an undisclosed amount.The AIM-listed company's cards and payments platform has been integrated with Nayax's technology to deliver a "robust and scalable solution" for unattended payments.The investment in Nayax, which is certified to make Europay, MasterCard and Visa payments, follows a number of pilot tests in Poland and the UK, the forerunners to a gradual roll-out of the service across Europe.SafeCharge's chief executive, David Avgi, said: "We are determined to implement our strategy of providing international payment services to diverse verticals for multi-channel businesses to maximise acceptance, full transparency and cost effective fees structure."Nayax's chief executive, Yair Nechmad, added: "We selected SafeCharge technologies for its unparalleled service availability, superior reporting and analytics capabilities and fully transparent financials that are key for the optimised operation of our business. Our unique partnership has enabled us to offer consumers a top-notch service when making unattended payments."Shares in were up 0.06% to 207.63p at 0931 GMT.