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HERZLIYA, Israel - Nayax Ltd. (NASDAQ:NYAX; TASE:NYAX), a fintech company that has delivered an impressive 90% return to investors over the past year, announced Wednesday a strategic partnership with ChargeSmart EV, naming Nayax as ChargeSmart’s preferred cashless payments provider for its expanding electric vehicle charging network across the United States. According to InvestingPro analysis, the company appears slightly overvalued at current levels, though it maintains a strong financial health rating.
Under the long-term agreement, ChargeSmart will deploy Nayax VPOS Touch card readers across its network, with plans to launch thousands of new DC fast chargers in the coming years. ChargeSmart will also adopt Nayax’s Commerce SDK payment solution for its mobile application, creating an omnichannel payment system that unifies in-app and on-site transactions. The expansion aligns with Nayax’s robust growth trajectory, evidenced by its 29.6% revenue growth in the last twelve months.
"With our proven reliability, multi-payment flexibility, and best-in-class uptime, we’re proud to power a network that shares our vision for a comprehensive, reliable payment solution and customer experience in the EV charging market," said Aaron Greenberg, Chief Strategy Officer at Nayax.
Christian Spenziero, Managing Member of ChargeSmart, stated that Nayax’s technology "provides the reliability and flexibility we need to scale our network across the U.S., while giving drivers a seamless and consistent payment experience."
The partnership aims to improve accessibility and convenience of public and commercial EV charging infrastructure throughout the United States. Nayax’s Commerce SDK payment solution for EV charging is expected to officially launch in the U.S. in the coming weeks, according to the company’s press release statement.
Nayax, which reported having approximately 1,200 employees and connections to more than 80 merchant acquirers as of June 30, 2025, provides commerce enablement, payments, and loyalty platforms for merchants across multiple channels.
In other recent news, Nayax Ltd. announced a strategic partnership with Onebeat to enhance retail inventory management. This collaboration integrates RetailPro’s point-of-sale software with Onebeat’s AI technology, offering mid-market and enterprise retailers real-time inventory optimization capabilities. The combined solution aims to improve inventory allocation, pricing, and replenishment based on demand patterns. Additionally, UBS has raised its price target for Nayax to $43 from $39, while maintaining a Neutral rating on the stock. The revised price target reflects a multiple of approximately 6.5 times the firm’s 2026 estimated gross profit, compared to the previous multiple of about 6 times. These developments indicate ongoing strategic efforts and analyst adjustments concerning Nayax’s market position.
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