Woman using a cashless vending machine Cashless vending machines generating more revenue. (Source: Shutterstock)

Consumers are eager to use vending machines that embrace cashless technology, according to a new study by Michigan State University and digital payments provider USA Technologies. It was the largest study of its kind on consumer behavior around cashless technologies on vending machines, the school said.

The study of 250,000 vending machines found that adding cashless technology boosted revenue from those machines by 35% on average over the 18 months after adding the technology.


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Tina Orem

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