mBeaconVend from beacon provider Netclearance introduces a new way to accept vending machine money payments. Rather than having to have cash on-hand, with this system, consumers may simply pay from a mobile device using BLE-based mobile payments.
When making a purchase from a vending machine, consumers will be able to see the amount owed on their smartphone before completing the transaction through the screen of their device.
While many systems still rely on cash-only transactions, mBeaconVend introduces a convenient way for consumers to partake in the growing cashless economy around the world. With this new innovation, Netclearance remarks: “The need to carry loose change in your pocket to use a vending machine will soon be consigned to history."
Key Themes Behind This Trend
- Cashless Vending
- mBeaconVend introduces a convenient way for consumers to partake in the growing cashless economy.
- Mobile Payments
- mBeaconVend allows consumers to pay for vending machine purchases from their mobile devices using BLE-based mobile payments.
- Real-time Transaction Information
- mBeaconVend enables consumers to see the amount owed and complete the transaction through the screen of their mobile device.
Where This Applies
- Vending Machines
- mBeaconVend disrupts the traditional vending machine industry by offering a new way for consumers to make cashless payments.
- Mobile Payment Solutions
- mBeaconVend presents an opportunity for companies in the mobile payment industry to cater to the vending machine market.
- Beacon Technology
- mBeaconVend utilizes beacon technology to enable seamless and convenient vending machine transactions, providing opportunities for beacon technology providers.
