The Digital Payment Solution in Pakistan Selling Machine


Staff Reporter ISD: Pakistans technology company Wavetec has developed countrys first Near Field Communication (NFC)-enabled vending machines. This would promote digital payment solution in Pakistan. The vending machines have the capacity to hold 350 items – snacks and beverages – and operate on NFC technology. A form of contactless communication, NFC enables users to wave over their smartphones or tap their plastic cards to an NFC-enabled vending machine, which then dispenses the item selected by the user.

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Ahmed Fraz Wavetecs Chief Executive Officer said in order to increase use of electronic money in the country they initiated this step.

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The electronics major from NED University of Engineering and Technology said that Wavetecs vending machines will provide a platform to tap the unexplored market of digital payments in Pakistan.

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