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Mobile Payments

PayRange to boost Japan's vending industry

Thursday 20 April 2017 | 10:40 AM CET

PayRange has signed an agreement with Sumitomo Mitsui Card Co. that will enable PayRange to adapt its mobile payment technology for Japan\'s vending industry.

While Japan's vending machines are present on nearly every block in large cities, many of them don't take credit or debit cards. Some machines do accept prepaid transit cards, but the vast majority accepts only cash and coins, according to PayRange.

The PayRange system uses a Bluetooth transceiver that is plugged in between a vending machine's existing payment system and controller board. The user downloads a phone app and establishes an account, after which the phone can be used to make purchases from a PayRange-enabled vender. The vending machine itself does not need an Internet connection at all; the customer's phone provides the wireless wide-area network, and the PayRange service handles the necessary transaction processing and recording.

More than that, SMCC said it is particularly eager to provide cashless solutions to vending machine operators before the 2020 Tokyo Olympics open. SMCC has also partnered with Square and Stripe to make those services available to the country.

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