Nayax and Seco plan to deliver integrated IoT technology that combine seamless and secure payments with remote machine management and AI for automated self-service points of sale.

OEMs will gain access to differentiated, cost optimised hardware which contains a combination of Italian firm Seco’s IoT capabilities and Nayax’s versatile payment platform.

Israeli firm Nayax provides a global commerce enablement and payments platform designed to help merchants scale their business by simplifying payments and increasing loyalty. Seco provides end-to-end technology for industrial digitalisation.

The two companies are executing a memorandum of understanding (MoU) to establish a long-term partnership to embed Nayax-powered payments directly within Seco products, starting with a payment-enabled smart screen designed for intelligent vending machines, micro markets, smart coolers and automated self-service retail machines.

Embedding Nayax’s payment infrastructure within Seco’s products will also help businesses manage their payment flows and automated self-service points of sale through Clea, Seco’s end-to-end IoT-AI software platform that securely collects, analyses and manages connected device data in real time to enable intelligent automation and cross-functional business insights.

Together, Nayax and Seco aim to offer a joint value proposition of lower operational costs, telematics and flexible integrated payments, built for easy integration by OEMs across their product lines.

“Our partnership with Seco propels Nayax towards 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,” said Oren Tepper, chief commercial officer of Nayax. “We’re proud to work with Seco to offer game-changing, fully embedded payments which unify telematics, analytics and frictionless transactions under one umbrella.”

Fausto Di Segni, head of IoT and AI at Seco, added: “Partnering with Nayax allows Seco to embed a versatile and powerful global payment platform directly into our connected screens and devices, bolstering our competitive position and delivering exceptional value for our OEM customers across key verticals like vending, coffee and electric vehicle supply equipment. We will unite robust IoT management, engaging displays and embedded payments to streamline deployment and cut costs for OEMs and their end-customers.”

Seco will be on stand 320 in Hall One at Embedded World (www.embedded-world.de) in Nuremberg next month.

Seco (www.seco.com) develops and manufactures products for the digitalisation of industrial products and processes. Nayax (www.nayax.com) is a global commerce enablement, payments and loyalty platform designed to help merchants scale their business. It has 11 global offices and around 1100 employees.