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OTI Ships 1000 More Cashless Systems To Japan For Vending Machine Deployment

ROSH PINNA, Israel -- On Track Innovations Ltd., a global provider of near field communication (NFC) and cashless payment solutions, said it received a purchase order for 1,000 cashless payment systems from Japan via its partner, Billing Systems Corp., a leading Japan-based payment service provider. "We continue to broaden our footprint in the vast Japanese unattended retail market, and with a potential of six million units countrywide the total size of the Japanese electronic vending machine market is ...

June 13, 2019 by Emily Jed

ROSH PINNA, Israel -- On Track Innovations Ltd., a global provider of near field communication (NFC) and cashless payment solutions, said it received a purchase order for 1,000 cashless payment systems from Japan via its partner, Billing Systems Corp., a leading Japan-based payment service provider.

"We continue to broaden our footprint in the vast Japanese unattended retail market, and with a potential of six million units countrywide the total size of the Japanese electronic vending machine market is very significant for us," commented OTI chief executive Shlomi Cohen. "This gives us a substantial runway to continue our growth together with our strategic partner. With more than 10,000 OTI systems already operational in the Japanese market, we look at this new order as a reassurance of a continued and growing stronghold in the area."

The systems ordered included OTI's UNO Plus EMVco and FeliCa contactless reader, as well as the GoBox Multi-Service Telemetry Gateway. OTI's GoBox is a powerful machine-to-machine controller, payment gateway, and multi-services enabler for unattended machines, designed to provid new revenue streams for vending operators.