Cashless smart vending machines take Thailand by storm

• October 25, 2024

The market for smart vending machines in Southeast Asia is booming on widespread mobile payments, contactless shopping habits left over from the coronavirus pandemic, and rising labor costs.
 
Tao Bin vending machines, which take orders via a touch panel and accept mobile payments, are spreading in Thailand. As of the end of May, about 6,000 units had been installed in train stations and apartment buildings across the country, selling 200,000 drinks per day.
 
CP All, Thailand's largest convenience store chain, is introducing vending machines that sell snacks and boxed lunches at its more than 10,000 7-Eleven stores in a likely bid to increase efficiency amid rising labor costs.
 
Over the five years through 2022, smart vending machines drove overall vending machine sales to jump 70% in Malaysia, 40% in China and around 10% in Singapore and Thailand, according to London-based market research firm Euromonitor International.  
 
As the retail industry looks for the next generation of sales formats, Asia's smart vending machine industry will continue to lead the world. Vend ASEAN , the one and only vending industry trade show in Southeast Asia, one of the best business platforms for industry people to tap into regional market or find reliable supplier.