Investing in Japan
Latest UpdatesNAYAX, Israel developer of cashless payment equipment for vending machines, establishes subsidiary
Oct 24, 2016
NAYAX is a company headquartered in Israel and provides solutions for vending machines. The company has R&D and manufacturing bases in Israel and beyond, including the US, UK, China, Italy and Germany, and has been showing steady growth in year-on-year sales. The company's main business line is development, manufacturing and sales of cashless payment and telemetry systems, as well as relevant equipment. The company boasts its efficient inventory management and restocking systems.
Eyeing the recent increase in inbound tourists to Japan in the run-up to the 2020 Tokyo Olympics and Paralympics, the company established NAYAX KK to introduce various payment systems for vending machines in the country. In the run-up to the start of sales scheduled in thebeginning of 2017, NAYAX KK is making preparations, including exploring and cultivating clients or obtaining approvals and certificates from the relevant authorities.
For NAYAX's establishment of the subsidiary in Japan, the JETRO Invest Japan Business Support Center (IBSC) provided support including consultation on company registration, approval and certificates and referral to banks.