XVend is an Internet-Of-Things (IoT) device that can be installed into any vending machine, allowing future proof QR-based e-payment solution and is scalable to add new e-wallets. Paired with e-payment gateway, the upgraded vending machine can accept more than 20 e-payment schemes consolidated under SGQR. The upgrading process will only require three minutes with no physical modification required to the interior and exterior of the vending machine.
Through this solution, vending machine operators will also have access to real-time payment transaction and inventory records online. This enables them to track their sales timely, optimise their scarce manpower for stock replenishment and improve their cash flow by eliminating manual cash collection.