HERZLIYA, Israel, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business, today announced that its subsidiary OTI PetroSmart, a leading provider of integrated, end-to-end fuel management and payment solutions, have partnered with ai Corporation to provide its sophisticated fleet card issuing and fuel payments platform aiEazyFuel® to manage payment devices, including fraud management and provide transaction processing and repricing services for commercial fleet customers.
aiEazyFuel® will be integrated with OTI PetroSmart’s Automated Vehicle Identification (AVI) solution, EasyFuel Plus, which provides customers with an entirely frictionless refueling experience. EasyFuel Plus ensures that the right grade and volume of fuel is dispensed into the right vehicle by supporting nozzle to tank identification and ensuring that fuel is only dispensed while RF communication is maintained between the nozzle reader and vehicle mounted tag. As EasyFuel Plus supports inputs to automate the capturing of odometer and/or engine operating hours, customers can effectively manage fuel consumption while preventing fraud.
“OTI PetroSmart is working closely with ai Corporation to ensure support for existing business processes used by Petroleum Retailers who have licensed EasyFuel Plus, such as Masana Petroleum (BP Southern Africa’s Commercial Division). The ai Corporation platform offers significant opportunities for future innovation. OTI PetroSmart’s scalable EasyFuel Plus solution addresses the needs of heavy fleet, light fleet as well as consumers and with the ai Corporation partnership, we can support both open and closed loop programs,” said Charlotte Hambly-Nuss, Managing Director of OTI PetroSmart.
Piers Horak, Chief Commercial Officer of ai Corporation states, "Our core fuel card suite has been built in partnership with leading international issuers and retailers. By ensuring support for online authorization, EMVCo open loop scheme rules and IFSF forecourt standards, Petroleum Retailers in Southern Africa and beyond can benefit from industry best practices and extend their B2B offers to address the requirements of additional customer segments and verticals. The ai platform combined with the drive in, fill up and drive out simplicity of OTI PetroSmart’s solution is a winning combination.”
Forward-Looking Statements
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About Nayax
Nayax is a global commerce enablement and payments platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and consumer engagement 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. Today, Nayax has 9 global offices, approximately 800 employees, connections to more than 80 merchant acquirers and payment method integrations and is a recognized payment facilitator worldwide. Nayax's mission is to improve our customers' revenue potential and operational efficiency.
About Nayax OTI PetroSmart
Established in 2000, OTI PetroSmart is a leading provider of fuel management solutions that include configurable hardware, software applications and support services. OTI PetroSmart combines AVI with cashless and contactless technologies. Our solutions streamline and expedite the refueling process while reducing operational expenditures by eliminating manual processes. For more information, please visit www.otipetrosmart.com
About ai Corporation
The ai Corporation is a leading provider of fraud prevention and payments solutions. Operating for over 20 years, ai has provided solutions around the world to some of the largest financial institutions, international merchants, and major payment service providers across a broad spectrum of industries. For more information, please visit www.aicorporation.com
Public Relations Contact:
Courtney Tolbert
5W PR
ctolbert@5wpr.com
Investor Relations Contact:
Virginea Stuart Gibson
Vice President, Investor Relations
virgineas@nayax.com
