Hi, in this blog post, we will be talking about vending machine payment modes available in India. Technological advancements have played a pivotal role in making our lives easier. We have the whole world at the tip of our fingers. Smartphones, cheap data connections, payment apps, etc. In this blog, we are going to talk about the leading and new vending machine payment modes that exist in India.
Technology has also led to the digitization of payment methods and payment options allowing for a cashless payment system to exist.
Vending machine technology has come a long way since it was first used in ancient Rome to dispense holy water, in a controlled manner. Some early instances include machines dispensing tobacco, banned books, stamps, and even envelopes.
Earlier, vending machines could only accept cash and coins as payment options but modern payment solutions and technology allow you to pay using your phones and even QR codes!
Why this change?
The reason vending machines have made this shift is to keep up with the times.Â
Adaptability is one of the most important factors for a business that plans to grow. It is necessary to adopt new technology with time and stay up to date with what is happening around for growth and stay ahead of the competitors.
Due to the rising retail industry and rapid urbanization in India, the vending machine market is likely to expand rapidly in the future years.
Vending machines were first implemented in India in the government transportation and hospitality sectors to allow consumers to obtain vital goods even while stores were closed.Â
This especially came in handy during the pandemic when people were looking for contactless buying & cashless payment options.
Some of the payment modes that you can use to pay at smart vending machines are as follows:
List of top vending machine payment modes:
- Paytm
- Google Pay
- PhonePe
- BHIM UPI
- WhatsApp Pay
- Debit Card
- Credit Card
- Sodexo
- Business Payment
- RFID Card-based Payment
- LazyPay
- Simpl
Let’s talk a little about the above-mentioned vending machine payment methods-
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- Paytm, PhonePe, GooglePe, and BHIM UPI – They are all UPI-based apps and are the most used apps for payments in India.
- Debit/credit cards payment – Customers can use their bank cards both credit and debit, to make payments
- Sodexo – It is a meal pass issued by an office or organization to its employees. The employees get a fixed balance in it to spend on a monthly basis.
- Business payment – Many corporate offices, manufacturing plants, organizations, etc. provide monthly credits to their employees in their business wallets that are integrated with the Daalchini app.Â
- RFID card – This is a smart card payment system that can be recharged using an app. This is a useful payment option for children in schools & colleges and at other places where mobile phones are not allowed.
Apart from the above-mentioned payment modes, Daalchini also supports more than 40 payment options through its app. We also provide “Buy Now Pay Later” options on the Daalchini app through apps like LazyPay and Simpl.Â
Customers can use Lazypay or Simpl to place an order on the Daalchini app and pay later for their orders. It is a very quick and seamless payment option.Â
Daalchini also supports payment options like Freecharge, MobiKwik, Airtel Money, Ola postpaid, Jio Money, PayZapp, etc.Â
A vending machine is an advanced piece of technology and there are often a lot of questions that consumers and vendors have, and we will answer all of them for you.
The most commonly asked questions are as follows:
Can you use a debit and credit card at a vending machine?
Yes, you can pay at our smart vending machines using your debit and credit cards and also using your e-wallets as well!
How does a vending machine recognize currency notes?
Many vending machines that accept notes first identify notes based on optical scanning. Tiny photocells or miniature digital cameras use images of the inserted notes to “look” for tell-tale patterns that identify each particular note.
A picture of a note that appears exactly like an actual note can be printed. Vending machine manufacturers are fortunate that real currency has safety measures that can be used to verify the authenticity of the currency.
How do vending machines identify fake currency?
Real currency notes are printed using magnetic ink. Many vending machines also use a magnetic reader to detect the magnetic signature of a bill to ensure it’s real and determine its denomination.
The physical qualities of coins are used to identify and verify them. Although some vending machines use modern technology to determine the chemical makeup of coins, the majority of vending machines simply compare physical attributes such as coin diameter, thickness, and the number of ridges on the edge.
How can you pay using your phone at a vending machine?
When QR code payment started gaining popularity in India, few vending machine players integrated this technology with their payment systems.Â
They put a static QR code on the vending machine which you can scan using your phone and complete the transaction through secure payment gateway channels and place the order.Â
Technology changes every day. And to get on with the times, companies like Daalchini launched a smart display with all the leading digital payment options like Paytm, Google Pay, PhonePe, Debit card, etc. for their vending machines, making them smarter than before!
With payment apps, customers can scan the dynamic QR code that appears on the display of the machine every time they choose any product and proceed to pay.Â
Did you know vending machines could be so clever? They’re actually getting smarter all the time, believe it or not. Many vending machines today can be wirelessly connected to the Internet and provide data to their owners. This can aid owners in determining which things have sold and need to be restocked.
This is exactly the kind of technology we use at Daalchini!
Read More:Â
Conclusion
Vending machines are becoming smarter by the day! There are more than 40 payment options available on Daalchini vending machines for customers to choose from. We keep adding new payment modes to make the experience of buying from vending machines, the most convenient & the machines the smartest vending machines in India.Â
More and more people are entering this space as it is not investment-heavy, has high returns, and allows people to pay using all different payment modes!
Confused about how to start?
Reach out to us and we will make the process easy for you.
