Leading fintech company Nayax, a global provider of cashless payment solutions for the unattended retail and self-service industries, has announced the strategic acquisition of VMtecnologia, a leading Brazilian paytech company.
This acquisition marks a significant milestone for Nayax in its ongoing expansion strategy, strengthening its position as a global player in the unattended retail market.
VMtecnologia has a strong presence in Brazil, the largest economy in Latin America, and counts some of the region’s largest retailers among its clients. The company’s innovative payment solutions include POS terminals, mobile payments, and digital wallets, offering a comprehensive suite of cashless payment options to businesses and consumers alike.
The acquisition of VMtecnologia will enable Nayax to:
- Expand its market reach in Brazil and across Latin America, a rapidly growing region with a large and underserved unattended retail sector.
- Enhance its product portfolio with VMtecnologia’s best-in-class payment solutions, complementing Nayax’s existing offerings and providing a more holistic solution to its clients.
- Leverage VMtecnologia’s expertise and local relationships to accelerate its growth in the region and offer localized solutions tailored to the specific needs of the Latin American market.
Yair Nechushtai, CEO of Nayax, said, The acquisition of VMtecnologia is a transformative step for Nayax as we continue to expand our global footprint and solidify our position as a leader in the unattended retail industry. VMtecnologia’s strong presence in Brazil and its commitment to innovation make it an ideal partner for Nayax, and we are confident that together we can deliver even greater value and innovation to our customers in the region.
Gilberto Vasconcelos, CEO of VMtecnologia, added, We are excited to join forces with Nayax, a global leader in unattended retail payments. This acquisition will provide us with the resources and support we need to continue to grow our business and reach new heights. We believe that our combined strengths will create a formidable force in the Latin American market and allow us to offer our clients unparalleled payment solutions and services.
The acquisition is subject to customary closing conditions and is expected to be completed in the coming weeks.
Kind regards N. Bauer.
