OTI Readies 3,000 Cashless Payment Systems For Japanese Market

Posted On: 7/9/2018

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ROSH PINNA, Israel -- On Track Innovations Ltd., a global provider of near field communication and cashless payment solutions, said it has received a purchase order for 3,000 cashless payment systems from Japan via its partner, Billing Systems Cooperation, a leading payment service provider.
 
The systems include OTI's turnkey solution, which is comprised of a new Uno Plus EMV and FeliCa contactless reader, as well as the GoBox multi-service telemetry payment gateway and multi-services enabler for unattended machines.
                   
OTI's turnkey solution offers a single point of contact for vending machine operators looking to implement cashless payment solutions. The company expects the purchase order to be delivered in the third quarter of 2018. Once complete, OTI will have delivered a total of 10,000 advanced payment systems to Japan to date.
 
"At an estimated six million units, the total estimated size of the Japanese electronic vending machine market is significant, leaving us a substantial runway to continue to execute with our partner, Billing Systems Cooperation,” said OTI chief executive Shlomi Cohen. “I look forward to continued sales execution in this key global market.”