VMC will be exhibiting once again at Vendex North on 13th November.
With the rapid growth of contactless payments on the high street, it’s no surprise that vending consumers also want to enjoy the speed and convenience these payments offer, and this demand will now drive more investment in contactless technology within the industry.
This May the AVA published the results of their 2017 industry survey, identifying some key points directly related to the use of contactless:
- It can uplift sales by 5-20%
- It was identified as an opportunity to drive consumption and growth
- It can make implementing future price increases much easier
- Contactless transaction values are increasing, reinforcing potential for maximising sales
- There has been a steady rise in the use of contactless and mobile payments
This survey highlights a real turning point in the industry in terms of the acceptance of contactless payments into vending, and also provides some much-needed reassurance to operators that they would be making a worthwhile investment by installing it.
At VMC we are seeing increased interest in our Vendotek payment solution, because it offers the convenience of open contactless alongside the benefits of closed cashless payments, all in one innovative terminal.
Quick and simple to install, and suitable for both new and old machines, the Vendotek terminal provides a future-proof solution that enables vending operators to enjoy the features of both payment methods, without the usual hassle and high cost of installing them separately.
When combined with the VMC Flex closed cashless solution it delivers all the benefits vending operators are asking for – reduced merchant costs, quicker payments, options for loyalty and promotions, plus in-app purchasing using our VPay feature. It also provides greater visibility of operational performance through advanced back office data collection, enabling better stock control and improved profitability through proactive analysis of sales data.
To find out more click here* or visit us at Vendex North on stand H7 to see the terminal in action for yourself.
