Industry News

Nayax obtains Euro license

Published

7 years ago

July 25, 2018

Niji Narayan

Reading Time: < 1 minute

Nayax, an Israel-based payment solutions company, has obtained a Payment Institution license from the Board of the Bank of Lithuania.

With the Payment Institution licence, Nayax can provide money remittance services to customers in the European Economic Area zone. Nayax Europe UAB, a new entity in the European Market, will provide its payment services to more than 23 million enterprises across the entire EEA zone.

“Nayax has long been situated as a global leader in cashless payments and management systems for the unattended retail market,” said Yair Nechmad, CEO of Nayax. “The receipt of this Payment Institution licence is a great milestone in our payment service roadmap; we’ll be in an even stronger position to offer our customers the services they are looking for to grow their businesses.”

Source: intergameonline.com

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.