On Track Innovations

On Track Innovations (OTI) is a global leader in Near Field Communication (NFC) and contactless payment solutions, with a significant presence in the healthcare technology sector. Founded in 1990 and headquartered in Israel, the company specializes in developing secure hardware and software for cashless transactions, telemetry, and smart identification. Its healthcare-focused product, MediSmart, provides a biometric-based medical information system that enables secure patient identification and medical record management, primarily used to reduce insurance fraud and improve service delivery. OTI's technology is underpinned by an extensive global IP portfolio comprising over 100 patents in the fields of RFID and contactless communication. In 2022, the company was acquired by Nayax, a global commerce enablement platform, to integrate its advanced payment technologies into Nayax's unattended retail solutions. OTI continues to operate as a subsidiary, providing innovative IoT and payment systems to markets worldwide.