By Jeff Adair, Editor
While COVID-19 will bring unseen changes to unattended retail such as vending,
is confident that following the current crisis the use of unattended retail payment systems will help increase consumer traffic and grow a vending operator’s profits up to 30%.
One thing Nayax says we can all agree on is that there will be an increase in the use of cashless payments in all facets of retail – attended and unattended, whether it be vending, self checkouts, kiosks, or other methods.
The additional profits and today’s conditions make vending and unattended retail a viable competitor to traditional storefront retail with person-to-person close contact. And Nayax’s specialized opportunities, such as customer loyalty programs, sales, discounts and other opportunities normally associated only with in-person retail, will help ensure repeat consumer traffic for vending operators, enabling them to compete with the store next door.
Vending machines are installed in multiple locations, and while many of those locations have decreased traffic now, such as airports, people will start to travel again, and, therefore, the economy can expect that these types of locations will recover relatively quickly. And as unattended and vending machine purchases inherently reduce person-to-person contact, vending purchases may very well increase in demand, especially when the use of credit card payments via Nayax terminals are available. Nayax devices are EMV chip card certified and enabled, but do not require touching a PIN pad, therefore eliminating the handling of germ-ridden cash.