A 2020 vending outlook - Professional Carwashing & Detailing

A 2020 vending outlook

Experts predict a significant shift in payment options over the next five years.

By the year 2020, mobile technology and cellular networks will allow millions of people to select and pay for vending options using a mobile wallet or e-wallet, according to an analysis by Grand View Research.

The global mobile wallet market is expected to reach $2,950.2 billion by 2020, the report stated.

Read also: Additional profit center analysis

These options will support mobile payments by storing payment credentials and making them available at the point of sale. Other functionalities will be location-based marketing offers and automatic loyalty program redemption, the report said.

This vending payment option will increase the ease and security of payments and allow integration of multipe tickets, coupons and cards. The report noted that vending options are "expected to positively impact market growth over the forecast period."

Click here for further study findings.

You May Also Like

Transforming carwash technology

SmartOperators are created when “artificial intelligence” and “industrial internet of things” technologies are applied to the carwash world.

Smart warehouse management system with innovative internet of things technology to identify package picking and delivery . Future concept of supply chain and logistic network business .

Over the last decade, many advances have occurred in the equipment and control space; however, site management technology hasn’t kept pace with innovation. As the sophistication levels have risen, developing a fully integrated solution for monitoring, maintaining and managing the critical components of a carwash operation has become increasingly challenging. The most sophisticated and fastest growing model is “express exterior,” which is essentially a motorized assembly line of robotic wash machinery, executing specific applications throughout the cleaning, shining and drying process. 

Driven Brands rings Nasdaq closing bell

CHARLOTTE, NC — The company honored its two-year Nasdaq listing anniversary and acknowledged dedicated employees and partners.

El Car Wash opens 24th, 25th locations

MIAMI — El Car Wash continues its expansion with the opening of its 24th and 25th locations in South Florida.

B+E helps buyer quickly close on $22M worth of carwash assets

NEW YORK — B+E helped to find and secure four new washing properties, closing on them before the end of 2022.

Autobell debuts in Greenville, S.C., market with three locations

CHARLOTTE, N.C. — Autobell Car Wash introduces three new washing locations to Greenville, Greer and Simpsonville.

Other Posts

Bob Benjamin appointed as chief operations officer of Magnolia Wash Holdings

CHARLOTTE, N.C. — Express carwash operator taps industry veteran to maximize business operations.

9 new technologies transforming the modern carwash

Innovation is now the name of the game.

touchless carwash, tunnel
ZIPS Car Wash named ‘Official Car Wash’ of Shocker Athletics

PLANO, Texas — ZIPS will invest in both men’s and women’s basketball and baseball at Wichita State University.

ZIPS Car Wash introduces Fansgiving

LEXINGTON, Ky. — The promotion includes 14 days of Kentucky Wildcat® basketball ticket giveaways.