August2021 - 8

TOPNEWS
Nayax Ltd.
Study finds digital
payments outpace
cash use at machines
[ TECHNOLOGY ]
Cantaloupe Inc.
Cantaloupe Inc.
90% EMV accounts
for all transactions
on Nayax network
Recent data show
that EMV contact and
contactless payments
account for more than 90%
of all cashless transactions
on Nayax devices in the
U.S. Additionally, less than
10% of transactions are
magnetic stripe (swipe)
when operators are given
the choice. Nayax has
also seen a growth in
contactless payments (NFC
or EMV tap cards) from less
than 1% in 2017 to more
than 20% in 2021. EMV
contact (card insertion)
transactions also spiked
during that period, from
2.5% in 2017 to 70% in 2021.
VendingMarketWatch.
com/21229511
WHILE USAGE OF CASH PAYMENTS
in 2019 was being outpaced by digital payments,
consisting of magstripe credit cards,
contactless cards and mobile, the number
of digital payment transactions per vending
machine on average exceeded those made with
cash in April 2020 (137 digital and 135 cash
transactions per machine), according to a joint
study by Cantaloupe Inc. and Michigan State
University. The monthly digital sales volume
per machine in April 2020 was 47% higher on
average than with cash ($235 versus $160).
Hospital and military sites soar
Professional settings ranked second in digital
usage overall. Through the pandemic, hospitals
saw a sharp rise, from 42% in November 2019
to 55% in November 2020. Military locations
in particular showed the greatest increase
over cash, increasing from 83% of all sales in
November 2019 to 90% in November 2020.
VendingMarketWatch.com/21227899
8 Automatic Merchandiser * August 2021
making hemp-derived and
CBD products accessible
to a mainstream market
through its smart vending
machine.
VendingMarketWatch.
com/21229451
Mabel Amber/Pixabay
EVA releases results
of industry survey
The Brussels-based
European Vending
Association released
results of a new survey of
operators and suppliers.
Key findings:
* 56% of operators saw
between 21% and 40%
sales declines in 2020.
* 37% of the suppliers
expect growth in 2022,
compared with 2019.
* 91% of operators are
impacted by people
working from home
* 76% of suppliers are
affected by reduced
orders.
VendingMarketWatch.
com/21230191
Cultiva Wellness LLC
Cultiva unveils CBD
vending machine with
age verification
A Miami-based company
unveiled the Wellness
Pantry, described as an
advanced automated
dispensing system. Cultiva
Wellness LLC said its
vending machine supports
remote monitoring and
operation, touchless
payments and the use of
blockchain technology to
verify a customer's age.
Cultiva, which also has a
CBD community mobile
app, said it is betting big on
UpMeals
UpMeals to install
machine at SFU
Vancouver-based UpMeals
has partnered with Simon
Fraser University to install
its smart vender at SFU's
Burnaby campus this fall.
The machine's menu will
be curated by students.
In related news, UpMeals
acquired Grubgrab, a
digital meal subscription
service geared toward
post-secondary students.
VendingMarketWatch.
com/21229679
http://www.vendingmarketwatch.com/21229451 http://www.vendingmarketwatch.com/21229511 http://www.vendingmarketwatch.com/21230191 http://www.vendingmarketwatch.com/21229679 http://www.VendingMarketWatch.com/21227899
August2021

Table of Contents for the Digital Edition of August2021
