Contactless payment technology integrated into vending machines allows consumers to purchase items using digital wallets like Apple Pay. This involves near-field communication (NFC) technology where the consumer simply holds their device near the payment reader on the machine to complete the transaction. For example, a student could purchase a drink by holding their iPhone near the designated area on the vending machine.
This method offers several advantages including increased speed and convenience for consumers, reduced handling of cash, and enhanced security. Historically, vending machines relied solely on cash and coin payments, creating limitations for those without physical currency. The advent of digital wallets and their integration with vending machines represents a significant step toward modernization, addressing these previous limitations and improving the overall consumer experience. Moreover, cashless transactions can contribute to better hygiene and lower operational costs associated with cash management.
