More firms looking to digitise vending machines in Singapore

D’Cube Concept founder Daniel Koh (left) and Fomo Pay founder Louis Liu, with the SGQR-enabled vending machine at the FOMO Pay office in 138 Robinson Road, on Oct 29, 2019. ST PHOTO: MARCELLIN LOPEZ
A SGQR-enabled vending machine showing the various payment services accepted that customers can use for payment. ST PHOTO: MARCELLIN LOPEZ
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SINGAPORE - An ongoing pilot to make vending machines smarter will allow customers to make payments via national QR code SGQR, and operators to monitor remotely their inventory levels.

This marks the latest move to digitise the traditionally cash-reliant vending machine sector, where local sales are expected to exceed US$72 million (S$98 million) next year, up from US$67.2 million in 2017, according to data from research firm Euromonitor International.

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