ExpansionAug 6, 2026, 07:32 AM
Nayax Files Application to Establish Nayax America Bank in US
AI Summary
Nayax Ltd. announced it filed an application with the Connecticut Department of Banking to establish Nayax America Bank Inc., a non-depository innovation bank. This move aims to deepen financial relationships with U.S. customers by adding embedded banking services such as corporate cards and working-capital solutions to its platform. Concurrently, Nayax launched Yellow Account for SMB customers, operated with Adyen, which will be built upon once the new bank is chartered. This initiative extends Nayax's global regulatory strategy to North America, its largest market, which accounts for approximately 40% of its global revenue.
Key Highlights
- Nayax filed an application to establish Nayax America Bank Inc. in Connecticut.
- The proposed bank will be a non-depository innovation bank, wholly owned by Nayax USA Holdings Inc.
- It aims to offer embedded financial services like corporate cards, controlled-spend programs, and working-capital solutions.
- Nayax also launched Yellow Account for SMB customers, operated with Adyen as the sponsoring bank.
- North America currently generates approximately 40% of Nayax's global revenue.
- The application review process is expected to take about six months, with approval not guaranteed.
Price Impact
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