Nayax and Telit to expand cashless payment services into vending machines

Telit Wireless Solutions, a global provider of machine-to-machine (M2M) modules and value-added services, announced that its M2M cellular modules used by Nayax, a cashless and telemetry systems developer, are to enable cashless services for vending machines operated in Scandinavia by Selecta Nordic.

Selecta Nordic operates vending machines in Sweden, Norway, Denmark and Finland. The combined Nayaxvend-Telit solution has already been installed in 200 vending machines in Scandinavia, with additional machines slated to be equipped with it in the coming months.

Nayax’s Nayaxvend Cashless Payment solution, which integrates Telit’s GC-864 Quad V2 compact module, provides vending machine operators with wireless cashless payment services.

Once installed in each vending machine, Nayaxvend is compatible with all forms of credit, debit, prepaid and postpaid cards, and can be used in contact, swipe and contactless transactions. It also provides a wide array of alerts and notifications that can be sent by SMS or email.

“Using the cashless solution helps us increase revenues and decrease operational costs,” said Catherine Sahlgren, managing director, Selecta Nordic. “The cashless payment system eliminates sales barriers, such as the lack of coins and change, and provides us with better control of the vending machines.”

“The installation of Nayaxvend with Telit’s modules in Selecta Nordic’s vending machines is another example of how M2M communications can help people make better use of machines in public places, while also bringing business benefits to equipment operators,” said Dominikus Hierl, CMO at Telit. “This latest vertical M2M application proves once again the societal benefits of having real-time information delivered wirelessly to decision-makers, providing them comprehensive understanding of specific situations so they can productively move forward with confidence.”

According to Nayax, the US vending machines market comprises 5 million machines with annual sales totalling $22 billion. The number of vending machines in Europe is 4 million, generating annual sales of $10 billion.

Nayax solutions have been installed in thousands of vending machines scattered throughout Europe, the US, UK, Africa and Scandinavia.

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Partnership with Nokia helps Clavister expand in Australia

Posted on: January 19, 2022

Ornskoldsvik, Sweden. 19 January, 2022 – Clavister, a provider of European carrier-grade cybersecurity solutions for mission-critical applications, announced an order intake from a Railway Infrastructure company in Australia

Read more

Wi-Fi 6E trial in Turkey hailed a success by Turk Telekom

Posted on: January 19, 2022

London, UK. 19 January, 2022 – Wireless Broadband Alliance (WBA) member, Turk Telekom, announced the successful completion of Wi-Fi 6E trials designed to demonstrate how the technology can be used to enhance speed and capacity in a variety of different end-user scenarios. Wi-Fi is vital to the success of Turk Telekom, who has the Wi-Fi footprint in

Read more