Study by Cantaloupe and Michigan State University Shows Contactless Payment Transactions Soar

Author's Avatar
Aug 09, 2022

%3Cb%3ECantaloupe%2C+Inc.%3C%2Fb%3E (NASDAQ: CTLP), a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, partnered with the Broad College of Business at Michigan State University for a joint study on payment trends in unattended retail. The results of the study, which analyzed a sample set of 160,000 Cantaloupe ePort cashless devices across various location segments, show that contactless transactions at vending machines soared during the height of the COVID pandemic from January 2020 to October 2021, the time of the study.