Payments

Nayax reports positive Q2 2021 performance indicators

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July 28, 2021

Nayax Ltd., an Israel-based provider of cashless solutions for the unattended retail industry, announced positive performance indicators for the second quarter of 2021 in advance of its second quarter financial report scheduled for Aug. 23, 2021.

Revenue for the quarter is expected to be between $30 million and $31 million, an increase of more than 110% over Q2, 2020, according to a company press release.

Managed and connected devices were 436,000, an increase of more than 40% over Q2, 2020.

The number of customers reached 23,500, an increase of more than 40% over Q2, 2020.

Processed transactions was 186 million, more than double those of Q2, 2020.

"Our ongoing efforts to reach new customers, with further expansion in our global markets, continue to support our growth, producing positive results for our stakeholders," CEO Yair Nechmad said in a prepared statement. "Even considering the impact of the global COVID pandemic on Q2, 2020 results, Q2, 2021 saw very strong results, representing over 30% revenue growth over Q1 2021, a significant milestone in our continued journey."