Canada welcomes contactless vending machines

By anna smith

The Canadian National Vending Alliance will partner with technology for PayRange to support cashless payments, according to Finextra.

Vending machines will incorporate PayRange’s BlueKey dongle, which will allow users to make cashless payments through its app. Money can be transferred onto the app via payment cards and Apple Pay.

This partnership follows a recent collaboration with US vending machine provider American Food & Vending, to add cashless functionality with the BluKey dongle. PayRange’s recent partnerships suggest that there is an ongoing demand for cashless functionality in the vending machine sector.

Mobile payments are also becoming more common, but face limits such as loyalty to traditional payment methods and inconsistent use among merchants.

Evan Bakker, research analyst for BI Intelligence,  has compiled a detailed report on mobile payments that forecasts the growth of in-store mobile payments in the US. He analyses the performance of major mobile wallets Apple Pay, Android Pay, and Samsung Pay

Follow @BizReviewCANADA

Read the August 2016 issue of Business Review USA & Canada magazine

SOURCE: [Business Insider]



Featured Articles

Patagonia Chair Charles Conn on becoming an imperfectionist

Entrepreneur and Patagonia Chair Charles Conn talks to Business Chief about rethinking strategy amid uncertainty, and why an imperfectionist approach works

Top 10 most valuable brands in the world – Amazon to TikTok

Business Chief takes a look at the top 10 most valuable brands in the world, according to Brand Finance, which puts 5,000 major companies to the test

Four priorities for new Twitter CEO Linda Yaccarino

Elon Musk confirmed on Friday that Linda Yaccarino, who most recently worked as Chairman of Global Advertising at NBCU, would become Twitter's new CEO

Top 10 shifts transforming organisations – McKinsey & Co

Leadership & Strategy

Top 10 fastest-growing jobs in the world according to WEF

Technology & AI

Top 10 female Chief Information Officers in North America

Digital Strategy