OTI Receives Purchase Order For 2,000 Cashless Payment Systems For Japanese Vending Company

Posted On: 3/5/2018

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ROSH PINNA, Israel -- On Track Innovations Ltd. said it has received a purchase order for 2,000 of its cashless payment systems from its Japanese partner Billing Systems Corp. for an undisclosed vending company.

The systems include OTI's turnkey solution, which is comprised of a new UNO Plus EMV and FeliCa contactless reader and the GoBox Multi-Service Telemetry Gateway. Once complete, OTI says it will have delivered a total of 7,000 advanced payment systems to Japan to date.

OTI's turnkey solution offers a single point of contact for vending machine operators to implement cashless payment solutions.

OTI's GoBox is a machine-to-machine controller, payment gateway and multi-services enabler for unattended machines. It provides new revenue streams for machine operators, from accepting cashless payments through streaming paid gull-HD video via GoBox's HDMI output.

"The Japanese market, which has an estimated six million electronic vending machines, is rapidly adopting our systems and technology," said OTI chief executive Shlomi Cohen. "While the Japanese market can be difficult to enter with new technology, we believe this latest purchase order reflects this market's confidence in the reliability of our cashless payment solutions, as well as our ability to deliver in accordance with strict deadlines. We believe this early success showcases our potential for further traction in this key global market."