The importance of Dutch payment system iDEAL continues to grow and the system has now been integrated into the Monyx Wallet, a payments and loyalty platform devised by Nasdaq-listed Nayax Ltd.

The move means Monyx Wallet customers in the Netherlands now pay for goods and services using the country’s top payment method. iDEAL allows users to make payments directly from their personal banking account instead of using a debit or credit card.

While Nayax manufactures payment devices and software, its Monyx Wallet is its very own consumer-focused app that enables easy payments and the ability for users to earn rewards and enjoy discounts from merchants.

QR code or tap

With Monyx, users scan a QR code or tap their phone on a Nayax Point of Sale (POS) device to securely pay for their transaction. This allows the merchant to not only accept payments, but to also turn ad-hoc consumers into loyal customers with Monyx’s loyalty programme, where users can earn rewards.

“The acceptance of the iDEAL payment platform on Nayax’s Monyx Wallet gives Dutch consumers and merchants even more flexibility and choice when it comes to facilitating transactions,” said Yair Nechmad, chairman and CEO of Nayax.

“While Monyx Wallet is used in dozens of countries worldwide, our partnership with iDEAL allows us to tailor our innovative technology to the specific preferences and trends of a local region. Our priority as a global company is to think local and invest the proper resources to make the payment experience as seamless as possible in every market that we serve.”

Nationwide

Nayax’s partnership with iDEAL gives Dutch consumers the ability to pay with this popular method at automated machines with Nayax payment devices throughout the country – making these goods and services easily accessible.

iDEAL has recently been acquired by the European Payments Initiative (EPI), a collaboration of European banks, solidifying its importance within the Dutch and European market.

Operators of self-service machines such as vending machines, micro markets, car washes, and laundromats that use Nayax POS devices can create personalised branding, loyalty programmess, and discounts for their consumers through Nayax’s Monyx Wallet app.

Find at more by visiting Nayax at IAAPA Amsterdam at the Rai exhibition centre from September 23 to 27. Stand 11620.