PORTLAND, Ore.—Mobile payment adoption in unattended retail is gaining momentum ahead of traditional retail, a new report indicates.
PayRange, maker of an in-app mobile payment service for unattended retail, reports its platform has powered over 100 million mobile payment transactions.
Mobile payment adoption in unattended retail is gaining momentum faster than traditional retail, in part, because it is solving a frequent problem: consumers often don't have the change necessary to make a purchase at an unattended POS device.
PayRange says consumers using its app pay faster than inserting quarters, making the transaction quick and easy, American Coin-Op reported.
“In addition, features specific to each vertical market leverage the power of mobile. In laundry, for example, consumers can view machine timers in the app and receive cycle completion notifications. In vending, if a product fails to dispense, the user can be alerted immediately with a notification that the malfunction was detected and the user's account was automatically refunded,” American Coin-Op explained