Hungarian firm in cashless payment move

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Valentina Vitali
Valentina Vitali
Research Analyst
Valentina is a Research Analyst and passionate about payments and fintech. Valentin enjoys analysing money transfer companies and the market. In her work, Valentina analyses payments data… Read more
  • MOL Group, which offers oil and gas to drivers across a range of markets in Central and Eastern Europe, has confirmed that it will work alongside a third-party cashless payments provider called Nayax.
  • Nayax will provide cashless payment terminals to the company’s various sites, which offer diverse services such as restrooms and coffee machines.
  • “As a global entity, with sales and support offices around the world, Nayax provides MOL Group with a unique opportunity, ensuring that their cross-border needs will be met,” said a spokesperson for Nayax.

A major provider of oil and gas stations in Hungary has confirmed that it will work with a third-party provider to offer cashless payments to customers.

MOL Group, which is an integrated provider of oil and gas, will work alongside the cashless payment solution provider Nayax to offer the new service.

The groups aim to enhance customer experience while getting petrol, they said.

It follows a trial in both Hungary and nearby Croatia.

The success of this trial means that devices will now be installed across the group’s sites.

The sites involve everything from car washes to toilets and coffee machines for drivers to use.

MOL Group is based in Hungary and has nearly 2,000 branches.

As well as Hungary, it also works in countries across the Central and Eastern European regions.

In a statement, a senior figure at MOL Group said that the company will be using the VPOS Touch service from Nayax to facilitate the online money transfers.

István Mag, who is the head of Digital Factory at MOL Group, said that the tool was also liked by the firm’s service station staff and customers.

“Nayax’s VPOS Touch device provides a great customer experience, enjoyed by our service station staff, as well as customers, and we’re excited to have the opportunity to further develop it, to tailor it to our needs,” he said.

He went on to say that the cashless payments service offered by Nayax would come in handy when it comes to transparency for sales data.

“Nayax’s cashless solution provides us more transparency in sales data on our unattended devices and clarity on their status, opening new horizons in maintenance and error reporting of these devices in the long run,” he explained.

Meanwhile, Nayax’s chief executive officer Yair Nechmad said that the company will help ensure that MOL Group’s international requirements will be met.

“As a global entity, with sales and support offices around the world, Nayax provides MOL Group with a unique opportunity, ensuring that their cross-border needs will be met,” he said.

“Their commitment to their customers in developing loyalty and engagement programs synchs well with our own vision of improving the consumer experience and our customers’ businesses.” 

To learn about the steps that companies in the cross-border payments field are taking to improve the experiences of their customers no matter where in the world they are, just go to our reviews pages and read some more information.


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