The intelligent vending machine market is expected to reach $63.01 billion by 2031, reflecting a staggering CAGR of 13.85% over the forecast period of 2024 – 2031, according to a report from SNS Insider.
Intelligent vending machines are characterized by features like cashless transactions, including contactless mobile payments, face and voice recognition and near-field communication (NFC). Additionally, intelligent vending machines are becoming more appealing to operators because of their ability to be remotely monitored and managed.
Following a collaboration between the Commercial Bank of Ceylon and Ceylon Business Appliances, Sri Lanka will deploy its first credit- and debit card-enabled vending machines, according to a Sunday Times report.
Following a collaboration between the Commercial Bank of Ceylon and Ceylon Business Appliances, Sri Lanka will deploy its first credit- and debit card-enabled vending machines, according to a Sunday Times 