Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

TOUCHGO TO END THE HUNT FOR CASH AT VENDING MACHINES WITH ZAPP

Zapp app on iphone against Zapp logo background
Zapp 09 - Zapp in action - NFC payment at coffee shop

Zapp 09 – Zapp in action – NFC payment at coffee shop

TouchGo Technology Systems Ltd (TouchGo), the intelligent vending machine software company announced that it is partnering with Zapp to enable mobile payments in its UK intelligent vending machines manufactured exclusively for TouchGo. This will put an end to the age old task of customers digging deep into their pockets to find cash for the vending machine, only to find they are out of luck. Now they just have to tap their mobile phone and pay by Zapp to retrieve their goods.

Consumers spend over £1.5 billion on refreshment vending machines in the UK today1 and the industry continues to boom. TouchGo will now be able to take further advantage of this appetite for quick food on the go, by ensuring even those adverse to the jingle of small change in their pocket can now spend in TouchGo machines. This partnership with Zapp follows TouchGo’ s early integration of debit cards and contactless payments on to its Azure cloud connected, 46” touch screen, video enabled PC based vending machines and keeps it at the cutting edge of payments and vending technology.

Zapp, the bank-backed mobile payment initiative, gives TouchGo a secure, quick and simple way to enable customers to pay even when they’ve left their change at home. Instead they can pay using just their existing bank app and mobile device. Payments are made in real-time and TouchGo consumers can check their balance on their phone at the point of sale.

A third of all UK bank accounts are soon to be Zapp-enabled, via partnerships announced in January with HSBC, first direct, Nationwide, Santander and Metro Bank. Zapp already has extensive partnerships with merchant acquirers and payment service providers, including WorldPay, Optimal Payments, Realex, SagePay, Secure Trading, TrustPay Global, Checkout.com and Elavon, which together manage payments for more than 60% of UK retailers.

Per Hovland, CEO of TouchGo, commented, “At TouchGo we pride ourselves on being at the cutting edge of technology. Intelligent vending machines are ubiquitous, and in addition to food and drink vending (including the new coffee tower concept), can now provide consumers with a range of retail products. However, innovations such as Zapp coupled with TouchGo’ s real time touch screen technology enable us to be even more convenient and attractive to consumers ensuring vending keeps pace as technology and the cashless society takes off.

Zapp app on iphone against Zapp logo background

Zapp app on iphone against Zapp logo background

 

Peter Keenan, Chief Executive of Zapp, commented, “The cashless society has been spoken about for a long time, but with 71% of consumers now owning a smartphone, we’d argue that the cardless society is also on its way. By partnering with Zapp, TouchGo is ensuring it is ready for this transition.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post