Coca-Cola Predicts An Increase In Cashless Transactions

Coca-Cola expects 5 to 10 percent of its vending machine transactions to be done using mobile payment methods such as Isis Mobile Wallet or Google Wallet by 2017, according to NFC Times. Coca-Cola also plans to feature tens of thousands more machines that accept cashless payments such as credit cards and mobile wallets. About 15 percent of the company’s vending machines currently accept cashless payments. The company predicts credit card payment to increase to 30 percent of its vending transactions by 2017, before falling to 25 percent due to mobile payment methods. Full article.