Nayax Ltd. (Nasdaq: NYAX) announced a global partnership with Tritium, a leading DC fast‑charging manufacturer, that will allow Tritium’s network of more than 21,000 chargers in more than 50 countries to accept card‑present payments through Nayax’s cloud‑based protocols. The deal gives Tritium customers the ability to retrofit Nayax devices and activate cashless payment capabilities within minutes, while offering operators the choice of Nayax’s Charge Point Management Software (CPMS) or one of roughly 30 CPMS providers already integrated with Nayax worldwide.
The partnership includes a purpose‑built bracket from Tritium to simplify installation, and Nayax will support the entire charging journey—session start and stop, live monitoring, and customized e‑receipts. By embedding payment functionality into Tritium’s chargers, Nayax can capture additional transaction volume and recurring revenue, reinforcing its one‑stop‑shop moat across the unattended retail ecosystem. The collaboration aligns with Nayax’s broader strategy of expanding its payment and commerce enablement solutions into new verticals, particularly in the EV charging sector.
Nayax’s recent acquisition of Lynkwell, an AI‑enabled EV charging platform, for $25.9 million in cash on December 4, 2025, further strengthens its position in the market. The company’s FY2024 revenue of $314.01 million grew 33.34% year‑over‑year, and recurring revenue represented 74% of total revenue in Q3 2025. Nayax’s gross margin improved to 49.3% in Q3 2025, and the company’s net income reached $3.5 million, reflecting disciplined cost management and a growing high‑margin recurring business.
However, the partnership comes amid Tritium’s financial distress. The company entered insolvency proceedings in April 2024, raising concerns about its long‑term viability and the sustainability of the payment integration. While Tritium remains a leading manufacturer, its insolvency introduces a risk that could affect deployment, support, and future upgrades of the integrated payment solution.
"While apps will always have a place and continue to be widely used, there are still individuals who are not comfortable with technology or who prefer not to use apps. By adding credit and debit card payments to your charger, we are making it easier for mass consumer adoption of EV Charging, enabling choice through a simple tap to charge experience," said Dylan Winik, CEO of Nayax Oceania. "This integration enables us to offer Nayax's payment solutions across our global DC fast charging network, giving our customers greater flexibility and choice," added Ian Agnew, Sales Director for Australia and New Zealand at Tritium. "As the EV market accelerates, seamless payment experiences aren't optional—they're essential to network success," Agnew continued.
The partnership positions Nayax to capture a larger share of the growing EV charging market, leveraging its strong recurring revenue model and expanding its global footprint. At the same time, the financial instability of Tritium underscores the importance of monitoring the partnership’s execution and the potential impact on Nayax’s revenue projections.
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