The brand new strategic partnership will revolutionize the loyalty business with a groundbreaking cost answer.
August 29, 2023 — Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a world commerce enablement and funds platform designed to assist retailers scale their enterprise, right now introduced a strategic partnership with Giift, a world chief in loyalty expertise options.
This collaboration marks a major milestone for the loyalty business by introducing the world’s first open-loop Loyalty to Funds™ answer, powered by way of CoinBridge by Nayax’s patented expertise. This pioneering answer permits for seamless conversion of any loyalty asset, corresponding to factors, rewards, miles, vouchers, and gift-cards, into transactions, at any store or service provider wherever on this planet, with out the necessity for any service provider integrations or cross-brand partnerships.
Nayax and Giift will revolutionize the loyalty expertise by seamlessly bridging the hole between loyalty and cost methods. Using this expertise, any credit score card-accepting service provider can now additionally settle for loyalty property as a cost methodology. Manufacturers throughout the globe will likely be empowered to supply unmatched capabilities and adaptability to their loyalty program, whereas giving customers the liberty to redeem their loyalty rewards wherever, for something they want.
The CoinBridge Loyalty to Funds™ answer instantly enhances shopper engagement, drives greater buying frequency and better spending, and permits retailers to optimize spending volumes. Moreover, retailers can now enhance the utilization of their knowledge to personalize propositions, improve loyalty, and optimize model efficiency– all with out the necessity for integration with retailers or POS methods.
“Using this expertise, any credit score card-accepting service provider can now settle for loyalty property as a cost methodology as properly”
The CoinBridge answer uniquely provides a zero-friction method and ease of use throughout the complete cost chain. Retailers can provide their customers open-loop redemption potentialities with a seamless “Faucet&Go” cost expertise via retailers’ present loyalty apps. From the service provider’s standpoint, loyalty redemption is clear since they facilitate a bank card transaction with no adjustments to their POS, inside methods, or monetary settlement preparations.
“We’re enthusiastic about our partnership with Nayax and the transformative potential it brings to the loyalty business. With open-loop redemption, we can provide our clients unprecedented flexibility and freedom to make use of their loyalty factors. This collaboration expands our attain and permits us to ship a really international loyalty expertise,” said Sumit Uttamchandani, Strategic Partnership Head, Giift.
“We’re delighted to companion with Giift and introduce the world’s first seamless Loyalty to Funds™ answer to Giift’s buyer base,” said Man Rosenhoiz, CEO CoinBridge by Nayax. “In selecting to companion with CoinBridge, Giift is boldly taking the loyalty business to the subsequent stage, opening up thrilling new potentialities for retailers and types and providing a seamless Loyalty to Funds™ expertise like by no means seen earlier than.”
For extra data, please go to www.nayax.com and www.coinbridge.com.
This press launch comprises statements that represent forward-looking statements. Lots of the forward-looking statements contained on this press launch might be recognized by way of forward-looking phrases corresponding to “anticipate,” “consider,” “may,” “count on,” “ought to,” “plan,” “intend,” “estimate” and “potential,” amongst others. Ahead-looking statements embody, however will not be restricted to, statements relating to our intent, perception or present expectations. Ahead-looking statements are based mostly on our administration’s beliefs and assumptions and on data at present accessible to our administration. Such statements are topic to dangers and uncertainties, and precise outcomes might differ materially from these expressed or implied within the forward-looking statements attributable to of varied elements, together with, however not restricted to: our expectations relating to basic market situations, together with because of the COVID-19 pandemic and different international financial developments; adjustments in shopper tastes and preferences; fluctuations in inflation, rate of interest and change charges within the international financial setting over the world; the provision of certified personnel and the flexibility to retain such personnel; adjustments in commodity prices, labor, distribution and different working prices; our skill to implement our progress technique; adjustments in authorities regulation and tax issues; different elements that will have an effect on our monetary situation, liquidity and outcomes of operations; basic financial, political, demographic and enterprise situations in Israel; the success of working initiatives, together with promoting and promotional efforts and new product and idea improvement by us and our opponents; and different danger elements mentioned beneath “Threat Elements” in our annual report on Type 20-F filed with the SEC on March 1, 2023 (our “Annual Report”). The previous checklist isn’t meant to be an exhaustive checklist of all of our forward-looking statements. The forward- wanting statements are based mostly on our beliefs, assumptions and expectations of future efficiency, taking into consideration the knowledge at present accessible to us. These statements are solely estimates based mostly upon our present expectations and projections about future occasions. There are necessary elements that would trigger our precise outcomes, ranges of exercise, efficiency or achievements to vary materially from the outcomes, ranges of exercise, efficiency or achievements expressed or implied by the forward-looking statements. Specifically, it is best to think about the dangers offered beneath “Threat Elements” in our Annual Report. You shouldn’t rely on forward-looking statements as predictions of future occasions. Though we consider that the expectations mirrored within the forward-looking statements are affordable, we can’t assure that future outcomes, ranges of exercise, efficiency and occasions and circumstances mirrored within the forward-looking statements will likely be achieved or will happen. Every forward-looking assertion speaks solely as of the date of the actual assertion. Besides as required by regulation, we undertake no obligation to replace publicly any forward-looking statements for any cause, to adapt these statements to precise outcomes or to adjustments in our expectations.
Nayax is a world commerce enablement and funds platform designed to assist retailers scale their enterprise. Nayax provides an entire answer together with localized cashless cost acceptance, administration suite, and shopper engagement instruments, enabling retailers to conduct commerce wherever, at any time. With foundations and international management in serving unattended retail, Nayax has reworked right into a complete answer targeted on our clients’ progress throughout a number of channels. Immediately, Nayax has 9 international workplaces, roughly 800 workers, connections to greater than 80 service provider acquirers and cost methodology integrations and is a acknowledged cost facilitator worldwide. Nayax’s mission is to enhance our clients’ income potential and operational effectivity.
Giift is a number one loyalty expertise supplier and program administration companion with headquarters in Singapore. Based in 2013, Giift has expanded into a number of international locations, together with Dubai, Mumbai, New York, London, Wuhan, Beijing, Jakarta, Colombo, Doha, Dhaka, Nairobi, and now Pakistan. Giift has served 3,000+ company shoppers throughout industries and has created personalized, sustainable loyalty and rewards-based applications globally.
For extra data, please go to www.giift.com.