Nayax is making a bigger move into financial services in the United States.
The Israeli payments and commerce technology company has filed an application to establish Nayax America Bank, a proposed chartered bank in Connecticut. If approved, the bank would give Nayax considerably more room to offer financial products directly through the platform already used by its merchant customers.
The application has been submitted to the Connecticut Department of Banking, with Fairfield County proposed as the bank’s headquarters.
This is not a plan for a traditional branch-based bank. Nayax is aiming at something much closer to an embedded finance engine sitting inside its existing payments business.
Nayax America Bank Would Operate Differently From a Traditional Bank
Nayax plans to establish the operation under Connecticut’s Innovation Bank framework.
The proposed Nayax America Bank would operate as a non-depository innovation bank. According to the company’s plans, it would not run physical branches, offer consumer banking products or directly take customer deposits.
Instead, the bank would support financial products aimed at businesses already operating within the Nayax ecosystem.
That could include corporate cards, controlled-spending programs and working-capital products. Merchant cash advances and equipment financing are also among the services Nayax intends to introduce once the charter receives regulatory approval.
It is a fairly logical extension of what Nayax already does.
The company is best known for payments technology used by unattended retail operators and other merchants. Moving deeper into financing and business financial services means Nayax can potentially capture more of the financial relationship instead of stopping once a payment has been processed.
Yellow Account Launches Alongside the Bank Charter Push
There is another piece to the story.
Nayax is launching a business account product called Yellow Account, designed for small and medium-sized businesses using its platform.
The account is being offered with Adyen acting as sponsor bank, with customer deposits held through Adyen rather than the proposed Nayax bank itself.
Nayax had already signalled that Yellow Account was on the way earlier in 2026, describing it as a dedicated business account intended to give smaller operators easier access to financial management tools.
For now, Yellow Account gives Nayax a route into business account services before its Connecticut charter application has completed the regulatory process.
Credit is where things could become more interesting.
Nayax says financing products could be added to Yellow Account following approval of the bank charter, including merchant cash advances and equipment financing. Adyen would continue supporting the deposit side of the product.
Nayax Builds a New US Banking Structure
The company has created Nayax USA Holdings to serve as the holding company for the proposed bank.
Nayax North America CEO Carly Furman has been selected to lead the operation. Other executives identified as part of the planned leadership structure include CFO Sagit Manor and CTO Haim Pinto, while Aaron Greenberg and Patrick Moroney are set to serve on the board.
Regulatory approval will not be immediate.
The review is expected to take roughly six months and includes an independent feasibility study as well as a public hearing.
Until that process is complete, Nayax America Bank remains a proposal rather than an operating bank.
Why the US Charter Matters for Nayax
North America is already a major market for Nayax, accounting for approximately 40% of the company’s global revenue, according to the company.
That makes the US bank charter more than a regulatory experiment.
Payments companies have spent years trying to move beyond transaction processing. Lending, business accounts, card issuing and working-capital products can create new revenue streams while making merchants more dependent on a single financial platform.
Nayax appears to be heading down that road.
A merchant that already uses Nayax to accept payments could eventually use the same ecosystem to manage spending, access financing, acquire equipment and handle other financial needs. The payments relationship becomes the entry point rather than the finished product.
The proposed structure also shows how fintech companies are finding ways to get closer to banking without necessarily becoming conventional deposit-taking institutions.
Fintech Companies Continue to Chase US Bank Charters
Nayax is not alone in trying to secure a stronger regulatory foothold in US financial services.
A number of fintech and crypto companies have pursued bank or trust charters as they look for greater control over products that previously depended heavily on third-party financial institutions.
Recent applicants have included rent payments company Flex and stablecoin infrastructure provider Dakota. FinTech Futures also reports that Coinbase, Crypto.com and Bridge received conditional charter approvals during 2026.
For Nayax, however, the strategy is closely tied to its existing merchant base.
The company does not need to reinvent itself as a retail bank. It needs the regulatory infrastructure to put more financial products around transactions it is already processing.
That distinction matters.
If regulators approve Nayax America Bank, the company could move another step away from being mainly a payments technology provider and toward becoming a broader financial platform for merchants.
And Yellow Account suggests that shift has already started.
Sources
- FinTech Futures — “Nayax files for US bank charter in Connecticut,” August 7, 2026
- Nayax — “Nayax at the NAMA Show 2026: Turning Payment Complexity Into a Competitive Edge”