Alex Vaserman, VP of Technology at Nayax LLC, sat down with the Nayax team to talk about the future of micro markets, and what he learned at NAMA.
“Technological advances are being made to micro markets at a surprising rate, improving user experience exponentially. The process of purchasing items at a self-checkout is becoming more natural for the end user, with an intuitive interface and endless options to choose from.
More and more people are flocking to these micro markets because they are quick, convenient, and can offer a larger variety of high-quality products as they are not limited by space.
Micro markets are a low-cost and high-return way of breaking into the unattended market. The cost of a good combo vending machine that allows for several products to be bought at once is upwards of $10,000, while a micro market POS costs about $2,500.