SafeCharge International Group Ltd. said it made a further investment in Nayax Ltd., taking its total investment in the cashless payments solutions provider to about $24.5 million.

SafeCharge made an initial investment in Nayax in December 2016. The payments technology company said its investment will support Nayax's growth and strengthen the operational collaboration between the two companies, with expected processing of more than €500 million of the latter's transactions through the former's acquiring platform over the next four years.