Cantaloupe Inc’s Post

The vending machine market is booming with over $3 billion spent in 2023, a whopping 23% increase from last year! 🍫🥤 Micro markets are also making waves, raking in $750 million in sales. 🏪💳 With a growing trend towards cashless payments and convenience, the future looks bright for vending and micro markets. Stay tuned for more predictions in this dynamic sector! 📈✨ In the meantime, learn more about Micro Markets and how convenient they truly are: https://hubs.ly/Q02JPCK-0 #VendingGroup #MicroMarkets #ConvenienceRevolution #CashlessPayments #MarketGrowth

Did you know that 71% of people still rely on cash for everyday transactions? 🌍 Inclusivity is at the heart of Corporate Social Responsibility strategies today. Yet, as more #retailers adopt 'card-only' payment models, a significant portion of the population is being left behind. 💳While refusing #cash might simplify operations—especially for retailers facing #recruitment and #retention challenges—the impact on the bottom line can't be ignored. Discover more insights from our client ASK Global Solutions Ltd in the latest issue of Vending International below: https://lnkd.in/enqZwhdq"

Discover the power of our advanced telemetry and cashless payment systems that boost efficiency and profitability. Stay tuned and see how SmVend is shaping the future of vending technology! 🚀 #SmVend #vending #telemetry #payments #solution #CashlessPayments #PaymentSolutions #VendingMachines #VendingIndustry #vendingrevolution #vendinginnovation #futureofvending

Ever wondered why vending machines have higher transaction fees? Let's break it down! 👇 Transaction fees in the vending industry typically hover around 2-3% per transaction, compared to just 0.5% in other sectors. Why the big difference? Each small purchase involves complex bank processes, which cost more to process proportionally. Curious to know more? Let's dive into the details! 😉 SmVend #vending #telemetry #payments #solution #CashlessPayments #PaymentSolutions #VendingMachines #VendingIndustry #vendingrevolution #vendinginnovation #futureofvending

Recent data from the Automatic Vending Association and Vending International shows a surge in contactless payments for vending machines. With 65% now offering cashless options and 72% of transactions being cash-free, it's clear that consumers prefer convenient, contactless transactions. Expect this trend to keep growing in 2024 and beyond! #ContactlessPayments #vendingmachines #paymenttrends2024

Discover the latest trends in the vending industry! 🔍 Berg Insight, a renowned industry analyst and consulting firm, has recently unveiled the 5th Edition of their market report, “Connected Vending Machines”. This comprehensive study explores the latest advancements in vending telemetry and cashless payment markets, providing a 5-year industry forecast. 🏆SmVend is proud to be featured in this report. In a nutshell, the vending telemetry market is gaining momentum. As of 2022, approximately 1.5 million vending machines were connected in Europe, and around 5.8 million units globally. Interestingly, this represents only 40% of the world’s vending machines, indicating a vast potential for market expansion 📈 Have you capitalized on the opportunities presented by telemetry and cashless payments yet? If not, the time is ripe. As always, we’re here to guide you on this journey. Let’s embrace the future of vending together! 🚀 Get a 30-day trial for your business – https://lnkd.in/dbRDFSC4 #SmVend #vending #telemetry #payments #solution #CashlessPayments #PaymentSolutions #VendingMachines #VendingIndustry #VendingInnovation

Unlock the potential of your old vending machines! 🔑 Many vending machines still use an older version of the MDB communication protocol, which presents unique challenges. This older version of MDB lacks certain features that complicate integration with modern payment and telemetry systems. 🔽 1️⃣ It does not support cash sales, making it impossible to track cash transactions. 2️⃣ It lacks an "Always Idle" mode, meaning payments can only be accepted in pre-authorization mode. This can be inconvenient both for business owners and customers. However, we've mastered dealing with these challenges. Even on old machines, we can now read cash payments and process transactions as if they have an "Always Idle" mode. Customers can choose a product, see the amount due, and then put in their card for payment. 💳 While most companies avoid working with vending machines using the older MDB version, we've made it a breeze. 🌬 📲 Ready to breathe new life into your vending machines? Contact us today to see how we can transform your machines! — https://lnkd.in/dPVNrEH3 #SmVend #vending #telemetry #payments #solution #CashlessPayments #PaymentSolutions #VendingMachines #VendingIndustry #VendingRevolution #VendingInnovation #FutureOfVending #MDB

It's not too late to start accepting cashless payments in your older vendors. Upgrade your vending machines with replacement control boards for USI, AP, and Crane. Visit https://buff.ly/3KPAmLh to get started. #cashless #vending #upgrade #USI #AP #Crane

Cashless vending machines are the new normal, and we think it's great. Honestly, when you're in a pinch, possibly HANGRY, and can't find an ATM, finding a vending machine that will accept your credit card or touchless payment methods is a lifesaver. ""With over nine out of ten consumers utilizing some form of digital payment within a year, there is a clear and growing demand for cashless transactions. This trend has been on a steady rise over the past eight years and experienced a notable acceleration during the lockdowns imposed by the pandemic. The fact that this metric surpassed 80 percent of consumers as early as 2021 highlights the rapid pace at which society is transitioning towards digital payments. In response to this shift in consumer behavior, vending machine operators have a significant opportunity to meet the evolving needs of their customers by embracing cashless vending solutions."" Want to learn more? Our recent blog post discusses cashless vending solutions in depth! Read more here: https://hubs.ly/Q02JRqJS0 As always, we're here to answer any question you have about managed vending, whether cashless or traditional! #vendinggroup #cashlessvending #innovation #vendingimprovement

When Scheidt & Bachmann needed a partner that could reliably process millions of transactions from almost 4,000 ticket vending machines (TVMs) serving the UK and Ireland’s transport networks, they turned to TNS.  Why? Swipe through our carousel to find out.     Want to learn more about our partnership with S&B? Watch our video: https://bit.ly/3PKN8NU #PaymentsMarket #paymentprocessing