Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > Nayax is Now a Licensed Payment Institution

Nayax is Now a Licensed Payment Institution

Published by Gbaf News

Posted on July 18, 2018

3 min read

Last updated: January 21, 2026

FrieslandCampina and Milcobel logos representing the dairy merger - Global Banking & Finance Review — The image showcases the logos of FrieslandCampina and Milcobel, highlighting their merger in the dairy sector. This strategic alliance aims to enhance their market presence and combined revenues exceeding 14 billion euros.

Establishes Nayax Europe UAB in Lithuania to Provide Money Remittance Services

Nayax, a global leader of cashless payment solutions and management platform for unattended retail, is excited to been issued a Payment Institution (PI) license from the Board of the Bank of Lithuania.

With the changes in PSD2, and issuance of the Payment Institution license, Nayax will continue to provide money remittance services to customers in the EEA (European Economic Area) zone. Nayax Europe UAB, a new entity in the European Market, will offer its services directly to more than 23 million enterprises across the entire EEA zone.

Nayax Europe, with all ofNayax offices, practice the most secure transactions, adhering to full GDPR and PSD2 compliancy. Nayax’s certifications include EMV level 1 + 2, PCI, to ensure satisfaction and trust to all its customers and to their consumers.

As a full-service provider of complete cashless payment solutions for unattended, automated devices, Nayax’s solution includes cashless payment devices and management system for unattended retail industries, including unattended retail, OCS, vending machines, photo booths, self-serve kiosks, kiddie rides, laundromats and more. The company develops proprietary software and hardware, which includes POS card readers, machine and inventory management, complete reporting suite, and consumer engagement tools. Nayax’s open platform and APIs allow for easy integration with other companies’ solutions and ERP software for a-to-z endeavours. Nayax devices are installed in more than 65 countries and accept 26 currencies.

“Nayax has long been situated as a global leader in cashless payments and management system for the unattended retail market,” says Yair Nechmad, CEO, Nayax LTD. “The receipt of this Payment Institution license is a great milestone in our payment service roadmap; we’ll be in an even stronger position to offer our customers the services they are looking for to grow their businesses.”

Establishes Nayax Europe UAB in Lithuania to Provide Money Remittance Services

Nayax, a global leader of cashless payment solutions and management platform for unattended retail, is excited to been issued a Payment Institution (PI) license from the Board of the Bank of Lithuania.

With the changes in PSD2, and issuance of the Payment Institution license, Nayax will continue to provide money remittance services to customers in the EEA (European Economic Area) zone. Nayax Europe UAB, a new entity in the European Market, will offer its services directly to more than 23 million enterprises across the entire EEA zone.

Nayax Europe, with all ofNayax offices, practice the most secure transactions, adhering to full GDPR and PSD2 compliancy. Nayax’s certifications include EMV level 1 + 2, PCI, to ensure satisfaction and trust to all its customers and to their consumers.

As a full-service provider of complete cashless payment solutions for unattended, automated devices, Nayax’s solution includes cashless payment devices and management system for unattended retail industries, including unattended retail, OCS, vending machines, photo booths, self-serve kiosks, kiddie rides, laundromats and more. The company develops proprietary software and hardware, which includes POS card readers, machine and inventory management, complete reporting suite, and consumer engagement tools. Nayax’s open platform and APIs allow for easy integration with other companies’ solutions and ERP software for a-to-z endeavours. Nayax devices are installed in more than 65 countries and accept 26 currencies.

“Nayax has long been situated as a global leader in cashless payments and management system for the unattended retail market,” says Yair Nechmad, CEO, Nayax LTD. “The receipt of this Payment Institution license is a great milestone in our payment service roadmap; we’ll be in an even stronger position to offer our customers the services they are looking for to grow their businesses.”