Contactless vending machines "a death knell for cash"
Saturday 13th February 2016
Payments revolution will soon allow snacks and parking tickets to be sold via tap-and-go cards. By Katie Morley
"Scraping around for spare change in the bottom of a handbag and in between car seats is about to become a distant memory for millions of people as vending and car-park machines are allowing card tap-and-go payments en masse.
Machines selling snacks drinks and even phone chargers are rapidly adopting card and contactless technology with the number soaring by 20 per cent a year, according to Creditcall , a payments company.
Coca-Cola is among the big brands to have the new technology installed in thousands of its vending machines making it quicker and easier for its customers to buy items on the go.
Under EU rules by 2020 it will be compulsory for all machines to offer tap-and-go payments.
Partly because of the diminishing need for people to carry coins nearly £4 in every £5 ( 78%) spent in UK shops is now with debit and credit cards.