The Stora Enso New Retail e-Kiosk Has RFID for Transactions
Michael Hemsworth — May 18, 2019 — Tech
The Stora Enso New Retail e-kiosk is a vending machine that aims to enable purchases without the use of money to accommodate the rise of smartphone-centric purchasing.
Outfitted with an RFID system, the unit can be stocked with a variety of fare that can be purchased by consumer with their smartphone using MobilePay and WeChat payment apps. The various items that are available for sale in the unit are identified by a sustainable paper-based ECO RFID tag that's tamper-proof to automatically charge the consumer once removed.
Senior Vice-President at Stora Enso Intelligent Packaging Martin Ros spoke on the Stora Enso New Retail e-kiosk saying, "After successfully launching sustainable ECOTM RFID tags it was a natural step to enter the automated retail market, where our technology can make a difference today. Based on our research and pilot deployments we see tremendous potential and scaling opportunities, especially in early adaptor markets for consumer convenience.”
Outfitted with an RFID system, the unit can be stocked with a variety of fare that can be purchased by consumer with their smartphone using MobilePay and WeChat payment apps. The various items that are available for sale in the unit are identified by a sustainable paper-based ECO RFID tag that's tamper-proof to automatically charge the consumer once removed.
Senior Vice-President at Stora Enso Intelligent Packaging Martin Ros spoke on the Stora Enso New Retail e-kiosk saying, "After successfully launching sustainable ECOTM RFID tags it was a natural step to enter the automated retail market, where our technology can make a difference today. Based on our research and pilot deployments we see tremendous potential and scaling opportunities, especially in early adaptor markets for consumer convenience.”
Trend Themes
1. Smartphone-centric Purchasing - The rise of smartphone-centric purchasing is creating opportunities for innovative vending machines that enable purchases without the use of physical money.
2. Rfid-based Transactions - RFID technology integrated into vending machines allows for seamless transactions using smartphone payment apps, eliminating the need for traditional payment methods.
3. Sustainable Packaging Solutions - The use of tamper-proof, paper-based ECO RFID tags in vending machines presents an opportunity for sustainable packaging solutions that align with environmentally-conscious consumer preferences.
Industry Implications
1. Mobile Payment Services - The rise of smartphone-centric purchasing calls for innovative mobile payment services to facilitate seamless transactions between consumers and vending machines.
2. Vending Machine Manufacturing - The integration of RFID technology in vending machines presents a disruptive innovation opportunity for the vending machine manufacturing industry to meet the evolving needs of consumers.
3. Sustainable Packaging - The demand for sustainable packaging materials, such as tamper-proof paper-based ECO RFID tags, creates opportunities for the sustainable packaging industry to provide eco-friendly solutions to vending machine manufacturers and retailers.
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