Nayax obtains Euro license

Nayax obtains Euro licenseReading 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: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.