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Charging stations for electric vehicles have emerged recently as a potentially significant source of payments volume. The latest development emerged late Tuesday with an announcement from Tellus Power Global Ltd. that it will work with the processor Nayax Ltd. to support what the partners call an integrated charging and payments platform for EVs.
The move, which the partners say simplifies the EV charging business by combining Tellus Power’s energy technology with Nayax’s payments system, represents the latest development in a growing market for payments at EV charging stations and the latest move by Israel-based Nayax to gain share in the EV charging market. The number of public stations in the U.S. stands at 82,000, featuring more than 250,000 charging ports, up about 15% from a year ago, according to data from the processor NMI.
In the latest development, California-based Tellus will supply its AC Level 2 charger with Nayax’s payments services in an integration the partners say will simplify deployment through a single system. That move, they say, will address a need among charging operators to deploy quickly to meet rising demand. “Operators are looking for technology that simply works, with real-time telemetry, seamless transactions, and no unnecessary complexity,” says Mike Calise, Tellus Power’s chief executive, in a statement.
Nayax has reported that it gets about 40% of its revenue from the U.S. market, where the company has worked recently to establish a growing position in the EV charging market. In March, Nayax announced a deal to process payments for EV drivers who recharge at E-Plug stations in a move expected to bring to Nayax transactions at some 2,200 U.S. connections.
Earlier, Nayax announced it would work with Autel Energy to embed payment technology in some 100,000 chargers expected to be installed this year in both North America and Europe. And in December, Nayax announced it had paid $25.9 million in cash to acquire Lynkwell, a provider of EV charging technology.
