Yair Nechmad on revenue growth

About Yair Nechmad

Yair Nechmad, CEO and co-founder of Nayax, has spoken in a series of interviews about the company's focus on the self-service and unattended payment market. He stated that consumers want to reduce friction through "tap in and tap out" solutions, and that unattended and cashless self-service are converging with payment and loyalty services. Nechmad said that Nayax provides an end-to-end solution including hardware, software, and payment processing, and that the company is the only one globally operating such a platform for the unattended market. He noted that more than 70% of Nayax's revenue is recurring and that the company has grown at a compound annual rate of more than 35% over seven years. Nechmad has highlighted electric vehicle (EV) charging as a growth area, stating that regulations in the US, California, Germany, and the UK are requiring open-loop payment devices on EV chargers. He said that Nayax is providing a full solution for both DC fast chargers and AC slow chargers. Regarding tariffs, Nechmad said that hardware produced in the Far East accounts for no more than 10-15% of Nayax's business and that the company is working to become more efficient to avoid price increases for customers. He also stated that Nayax aims to become a one-billion-dollar revenue company by 2027 or 2028 and that the company will become profitable from 2024 onward.

Profile compiled from Yair Nechmad's verified public interviews and appearances. See all quotes & transcripts →