USA Technologies, a provider of wireless, cashless payment and M2M/IoT solutions, has just published data from its 2015 Cashless Knowledge Base Study.
Based on the findings presented, a cashless payment platform can indeed be instrumental in driving additional revenues.
One of the highlights of this year’s study shows average cashless usage at locations equipped with USA Technologies’ ePort Cashless Payment System went up to 37 percent during a recent one-month period from 32 percent during a similar one-month period a year earlier.
According to the report summary, monthly cashless usage is continuing to grow and USAT projects that, at current rates, cashless usage at locations equipped with USA Technologies’ ePort Cashless Payment System could hit 40 percent by this time next year.
“We believe that the results of our 2015 Knowledge Base Study demonstrate the industry’s acceptance of cashless and the revenue potential for the vending and unattended markets,” says Jim Turner, Vice President of Deployment Services at USA Technologies.