Payments

SECO, Nayax partner to offer integrated IoT payment solutions

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January 29, 2025

Nayax Ltd., a global payments and commerce enablement platform, and SECO S.p.A., a provider of industrial digitalization solutions, have formed a strategic partnership to integrate Nayax's payment technology into SECO's IoT products, according to a press release.

This collaboration will initially focus on developing a payment-enabled smart screen for vending machines, micro markets and other automated retail points of sale. The integrated solution aims to provide businesses with streamlined payment processing, remote management capabilities and AI-driven business intelligence through SECO's Clea IoT platform.

This partnership seeks to offer OEMs a cost-effective solution that combines secure payment processing with comprehensive device management, potentially impacting industries like vending, coffee and electric vehicle charging.

"Our partnership with SECO propels Nayax toward new frontiers in automated self-service retail, harnessing SECO's extensive OEM network to extend our commercial reach into high-demand markets worldwide and accelerate broader adoption of our embedded payment platform," Oren Tepper, chief commercial officer of Nayax, said in the release. "We're proud to work with SECO to offer game-changing, fully embedded payment solutions which unify telematics, analytics, and frictionless transactions under one umbrella."