Smart Vending Machines Will Become the Norm

August 27, 2015, Written By Natalie Rutledge
Japan vending machines - Tokyo woman buying drinks. Young student or female tourist choosing a snack or drink at vending machine at night in famous Harajuku district in Shibuya, Tokyo, Japan.

Mobile payments are no longer reserved for restaurants and retailers. Through recent technological innovations, smart vending machines are making their way across the country.

Vending machines are becoming just as cashless as the rest of society. Many units now come equipped with credit card readers that allow people to buy food and drinks without having to dig around for coins. N&W, a vending machine company, is set to launch 5,000 mobile-friendly vending machines over the next year, providing even more alternatives to traditional coin-op machines. The new units are powered by Intel.

Automated vending is a fast-growing sector of the economy, representing $42 billion in annual transactions. With the number of new mobile wallets to be released in the second half of 2015, the demand for such devices may be higher than ever.

N&W is not the only company looking to capitalize on smart vending machines. In July, payment solutions company PayRange launched a product that turns old vending machines into smart vending machines without replacing the entire unit. The device only costs $49, and allows users with a PayRange app to buy items through the machine without using any cash.

The information contained within this article was accurate as of August 27, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at [email protected]
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