Telit IoT Module Enables Cashless Payments in Vending Machienes Using LTE Cat M1 Networks

At the Venditalia event, a tradeshow dedicated to the vending machiene business, Telit, showcased the Nayax's cashless payment solution called the VPOS Touch, enabled by its xE910 family of cellular IoT modules.

Nayax is a global leader of cashless payment solutions. They ha integrated the compact ME910 cellular IoT module, providing vending machine operators with a wireless cashless payment services. As a solution installed in each vending machine, Nayax accepts all forms of credit, debit, prepaid and postpaid cards, mobile payment apps, QR code scans and can be used in contact, swipe and contactless transactions. Its platform provides a complete solution for cashless payments, telemetry, management suite and consumer engagement tools, designed to improve productivity and increase sales for operators.

The company has been using Telit's modules and connectivity services for the last 4 years, moving from 2G modems to the 3G UE910 module in Europe and the 4G Cat1 LE910 module in the USA. The ME910 allowed Nayax to swiftly migrate from 3G to 4G LTE Cat M1 networks.

The ME910 module is a member of Telit's best-selling xE910 family and can easily be applied as a pin-to-pin replacement for existing devices based on the family's modules for 2G, 3G, and LTE Categories 1, 3 and 4. Industries that demand lower costs, increased security and extended product lifecycles now have more options with the Telit ME910. The longevity of the LTE Cat M1 standard and extensive feature set make the ME910 an ideal solution for new and existing applications such as connected sensors and meters.