Nayax and Seco have announced a strategic partnership aimed at embedding Nayax’s payment platform into Seco’s Internet of Things (IoT) devices.

The collaboration is expected to provide original equipment manufacturers (OEMs) with integrated payment solutions, advanced telematics and AI-driven insights, enhancing the capabilities of automated self-service retail.

The two companies have signed an MoU with the goal of establishing a long-term relationship. The first product to emerge from this partnership is a payment-enabled smart screen designed for next-generation vending machines, micro markets, smart coolers and other automated retail solutions. This integration will allow businesses to offer "seamless and secure" transactions while leveraging IoT capabilities for remote machine management and data-driven insights.

By embedding Nayax’s payment infrastructure within Seco's devices, OEMs will benefit from cost-effective hardware that merges SECO’s expertise in IoT with Nayax’s payment technology. The partnership also enables businesses to manage payment flows and self-service points of sale through Clea, SECO’s IoT-AI software platform. Clea collects and analyses real-time data from connected devices, providing intelligent automation and cross-functional business insights.

According to the company, integrating Nayax’s payment infrastructure into Seco's products will enable businesses to manage payment flows and automated self-service points of sale through Clea, which is Seco's end-to-end IoT-AI software platform.

Clea securely collects, analyses and manages connected device data in real-time, facilitating intelligent automation and cross-functional business insights. Together, Nayax and Seco will offer lower operational costs, advanced telematics and seamless integrated payments designed for effortless OEMs integration across product lineups.

Oren Tepper, chief commercial officer of Nayax, said: “Our partnership with Seco propels Nayax toward new frontiers in automated self-service retail, harnessing Seco's extensive OEM network to extend our commercial reach into high-demand markets worldwide and accelerate broader adoption of our embedded payment platform. We’re proud to work with Seco to offer game-changing, fully embedded payment solutions that unify telematics, analytics and frictionless transactions under one umbrella.”

Fausto Di Segni, head of IoT and AI Europe at Seco, added: “Partnering with Nayax allows Seco to embed a versatile and powerful global payment platform directly into our connected screens and devices, bolstering our competitive position and delivering exceptional value for our OEM customers across key verticals like vending, coffee and electric vehicle supply equipment. We will unite robust IoT management, engaging displays and embedded payments to streamline deployment and cut costs for OEMs and their end-customers.”