Kwikvend is an intelligent vending solution jointly brought to market by Kwikpay a leading consumer payments app for various services in UK and Vendekin an innovative US based start-up focused on Vending Digitization and Automation.
The vending/ unattended retail industry is probably one of the last consumer industry awaiting ‘appyfication’ and true ‘digitization’. KwikVend is the pioneer which does just that and more.
With KwikVend, Operators and Brands can quickly convert their existing cash & coin traditional vending machines to Intelligent Vending machines of the future. All this without the need for extensive overhaul of the vending machines, or even internet connectivity at the machine; additionally, the KwikVend solution works seamlessly with any existing card readers and standalone vending management software that might already be in use.
An all new smartphone app based buying journey for the consumer that offers a touch free experience for vending multiple items from a standard vending machine, digital payments, loyalty and all the bells and whistles that an app based business can enable. For the Operator it provides end-to-end control and visibility of their vending operations, reduces operational costs, increases efficiencies and thus their bottom line. For Brands, a better understanding of their consumers’ needs and preferences. The unattended retail ecosystem is bound to undergo a huge change with this new service.
The solution is jointly brought to market by Kwikpay a leading consumer payments app for various services in UK and Vendekin an innovative US based start-up focused on Vending Digitization and Automation.
With KwikVend, Operators and Brands can quickly convert their existing cash & coin traditional vending machines to Intelligent Vending machines of the future. All this without the need for extensive overhaul of the vending machines, or even internet connectivity at the machine; additionally, the KwikVend solution works seamlessly with any existing card readers and standalone vending management software that might already be in use.
The two primary benefits of KwikVend for Operators and Brands are Increased Sales Transactions & Reduced Operational costs (higher margins).
These are made possible through some key solution features including but not limited to the ones listed below*:
Core solution Features:
- A Cashless payment app for buyers that accepts all Major Cards & Wallet offers a seamless, mobile-only, and zero-touch interface.
- Targeted Personalized marketing for consumers via app notifications, SMS, email, and Proximity marketing channels
- Real time consumer feedback
- Purchase Invoice, Transaction history, & Auto Refund initiation on any kind of dispensation failures
- Single Glance Dashboard for Brands and Distributors/Operators that helps track key operational, sales and user data
- Operator app for Easy Guided Machine Refilling plans
- Real-time Mobile alerts on machine health and stock levels
- Machine-wise / Product-wise inventory and sales reports
- Demand forecasting – Machine, Location & Product-wise
- Easy Consolidation for Cash & Cashless transactions, with detailed accounting and payments reports.
Some premium advanced features for Distributors/Brands include-
Remote pricing control at machine level for Surge pricing / discounted pricing.
Remote recipe Mgt. for customizing the ingredient ratios of non-packaged Hot Beverages at machine level, based on market feedback
Accounting/Payments reconciliation and direct deposits to all Channel partners.
Integration of Future payment methodologies like direct bank payment and Cryptocurrency on roadmap To know more about KwikVend please visit our website http://kwikpay.com/kwik-vend/
*For a detailed overview of all the product features, please write to us at [email protected] and we can set up a demo for you.
