A payment system to grow with your business
The use of cashless payment systems allows you to set a tiered pricing policy in your vending machines, to anticipate the income compared to sale and to reduce cash management costs while providing accurate accounting data. Coges cashless systems, using the best of Mifare and Legic technologies or its encrypted proprietary system, allow you to set bonuses, discounts and promotions to retain customers through promotions based on user categories, on the day of the week and much more.
According to EVA Research, 7% of the sales in Vending never happened because the user has not cash.
Choose Coges to connect your vending machines for:
Payment with smartphone: offer an alternative payment option to your customers by enabling payment via smartphone app.
Collecting accounting data with Nebular: manage your business with real time information about sales, detail for price line, coins/bills in tubes and much more.
Detecting alarms: the remote control of the products stock and alarms allows economy on the management of the vending machine.
Updating by remote: keep your payment systems up to date adding new functions and security patches as soon as they are available.
Don’t worry about the security of your data: we will take care of it. All transmissions from the payment system to the cloud are encrypted and we rely on dedicated servers and connectivity networks among the safest and most efficient available worldwide.
We grant you safe and accurate payment systems for cash validation at your vending machines.
Since 1977 Coges designs electronic payment systems for recognition and automatic acceptance of coins and bills. These electronic devices are ideal for installation in vending machines and in all equipment that need a precise, reliable, automatic coin and bill recognition system; they can be connected to a cashless payment system, which they complete. The change giver coin mechanisms – versatile and with innovative functions – represents the pride of this product line.
Coin validators, bill validators and change giver coin mechanisms are supplied with a wide database and the special software necessary for making their use simple and immediate.
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Mr. Günter Maas, Country Manager D/A/CH for Vendon and Coges (Azkoyen Payment Group), has shared his assessment of the vending industry with Vending Report. His conclusion is clear: those who invest in the right vending technologies will not only increase their revenue but also significantly reduce their operating costs. The message is simple—seize opportunities now and benefit in the long term.
While it may sound like an overused phrase—Friedrich Schiller said it over 200 years ago—it is more relevant than ever: Those who do not keep up with the times will be left behind.
The vending industry at a turning point
The vending machine industry is at a crucial juncture. While some companies are still struggling with the aftermath of the pandemic, others are discovering new opportunities through technological innovations and smart investments. But which strategies are truly worthwhile right now?
Classifying the fragmented German vending market is a challenge in itself. Broadly speaking, the market can be divided into three groups. Operators with an aging machine base are often still recovering from the effects of the pandemic, raising the critical question of whether they should invest in new vending machines, cashless payment systems, telemetry, or all of these at once—despite potential staff shortages. In contrast, newcomers adopt the latest vending technology from the outset but face market saturation. The traditional operator group, which has consistently embraced smart vending solutions, is well-positioned and should stay on this path.
Why telemetry is no longer optional
One thing is certain: technological progress has transformed the vending industry. Any company that has not yet invested in vending telemetry should do so urgently. Real-time telemetry enables precise analysis of vending machines, consumer behavior, and product assortment, making route planning more efficient and reducing operational costs. At the same time, it allows businesses to identify new growth opportunities more effectively.
For those who still believe they can continue to ignore smart vending telemetry, the reality is clear: invest in bill acceptors for at least 30% of your machine base. There is no faster or easier way to achieve an ROI of up to 15% on total revenue.
The ROI of telemetry in vending operations
When it comes to long-term competitiveness, vending telemetry is the key to success. Businesses that continue relying on traditional methods risk losing ground. The case of Der Kaffeemax, which reduced operational costs by over 30% through the use of vending telemetry, is a prime example of how IoT-driven vending solutions can drive efficiency and profitability. The capital saved can be strategically reinvested into cashless payment solutions, interactive vending screens, or advanced vending management tools.
The future of vending: smart, digital, and profitable
The vending industry has undergone a massive transformation in recent years and is now technologically on par with other sectors. Data-driven vending solutions powered by IoT connectivity are no longer optional but essential for sustainable growth. Those who invest and embrace digitalization will maintain their competitive edge. Those who don’t will struggle to keep up.
The choice is clear: adapt and grow or get left behind.
Coges dealer and reseller network provide the customer with all the necessary information on the products on sale and on the most recent innovations, as well as with customized solutions to meet specific user needs.
Technical assistance and repairs are undertaken on site by qualified technical personnel, who are continually updated thanks to training courses held at the company head office.