Cash – the German’s dearest friend
While it is perfectly normal in other countries to pay small amounts with your mobile phone or credit card, Germans still tend to prefer paying cash. What does this mean for the vending sector? In his current column for the Vending Management magazine Christoph Budelmann presents his idea of upgrading vending machines with an authentication device that allows cooperating retailers to deposit bills and to receive cash in return. The advantage: Retailers don’t have to obtain their cash through a bank or a CiT company which can be rather pricey.