Cantaloupe, Inc. (NASDAQ: CTLP), a digital payments and software services company that provides end-to-end technology solutions for self-service commerce, is expanding its presence in Latin America with its self-service technology and management software for micro markets. One of Cantaloupeās clients in the region is Feel Good Market, headquartered in Panama City, Panama, who was the first to bring Cantaloupeās micro market technology to the country. The resounding acceptance of the micro market concept by local consumers and the growth of Feel Good Market is an exciting transformation for the self-service retail landscape in Latin America.
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Cantaloupe, Inc. (NASDAQ: CTLP), has been experiencing exciting success in Latin America with its customer Feel Good Market and their expansion of micro markets in the Panama region. (Photo: Business Wire)
āOur collaboration with Feel Good Market underscores Cantaloupeās advantage to serving locations and customers with options that go beyond traditional vending,ā said Rogelio Morando, vice president and general manager of Cantaloupe Latin America. āItās exciting to see Latin America customers embrace the micro market concept as wellānot only have they accepted it, but they are excited to see more self-service options come to their communities.ā
Feel Good Market began its relationship with Cantaloupe in 2021 as a customer of Three Square Market (32M), a wholly-owned subsidiary of Cantaloupe. Recognizing the limitations of traditional vending machines in Panamaāwhich predominantly accept only coins and bills, and offered limited productsāFeel Good Market seized the opportunity to offer a more convenient and modern solution. By introducing credit/debit card payment acceptance and offering an expanded assortment of food and beverage optionsāincluding fresh and frozen foodsāFeel Good Market has transformed the way facilities and employees access meals and snacks during the workday. Today, the company operates 28 micro markets, with plans to expand to 30 markets by the end of December.
āWhen we started this business, there were challenges with workplace snacking experiences in Panama,ā shared Aldo Tejada, founder of Feel Good Market. āOur clients were bored with the traditional cafeteria and vending experiences and were hungry for another option. Thatās when we discovered micro markets. This allowed us to provide a modern solution that offered not only convenient and user-friendly technology, but enabled us to individually customize each market to meet the unique needs of each client. āFeel Good Marketā isnāt just our company name, itās our brand promise ā itās our commitment to everyone, from executives to employees, because when we deliver on integrity, trust, and quality, everyone feels good. Implementing the micro market concept by Cantaloupe has been pivotal to our business. Their support, from development work to payment solutions specific to our marketplace has been unparalleled.ā
What sets this partnership apart is the unique approach to addressing market needs. Feel Good Market, with Cantaloupe's support, has built a brand that embodies convenience, quality, and a seamless customer experience. With their purely cashless solution, Feel Good Market serves approximately 7K customers daily and generates 2 to 3 times what a traditional vending setup would at any of its locations, showcasing the potential of micro markets in the region.
āWe started in the middle of the pandemic,ā noted Tejada. āCustomers wanted safe ways to get their food and beverage options with limited touch points or contact. The ability to pay with a credit card, the fingerprint reader and user-friendly kiosks were a big benefit for customers. We also appreciate the ability to offer a product assortment beyond what is typically found in a vending machine or cafeteria. Our customers love the ability to just shop, scan and pay. We know that micro markets are the wave of the future, and we are excited to be leading that charge with Cantaloupe in Panama.ā
āThis partnership is just the beginning,ā said Jeff Dumbrell, chief revenue officer with Cantaloupe. āAs we continue to expand in Latin America, we are excited to have more success stories like Feel Good Market.ā
Cantaloupe will be showcasing its self-service products and services in Latin America at a Cantaloupe LIVE event in Mexico on December 5, 2023. Retail operators, vending providers and anyone who wants to learn more about micro markets and experience Cantaloupeās innovative self-service solutions are encouraged to attend and can reserve a spot by registering at https://go.cantaloupe.com/Cantaloupe-Live-Mexico-23.html.
To learn more about Cantaloupe in Latin America, visit cantaloupe.com.
About Cantaloupe, Inc.
Cantaloupe, Inc. is a global technology leader powering self-service commerce. With over a million active locations across the globe processing more than a billion transactions every year, Cantaloupe is enabling businesses of all sizes to provide self-service experiences for consumers. The company's vertically integrated solutions fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. Cantaloupeās end-to-end platform increases consumer engagement and sales revenue through digital payments, consumer promotions and loyalty programs, while providing business owners increased profitability by leveraging software to drive efficiencies across an entire operation. Cantaloupeās solutions are used by a wide variety of consumer services in the U.S., Europe, and Australia including vending machines, micro markets and smart retail, EV charging stations, laundromats, metered parking terminals, amusement and entertainment venues, IoT services and more. To learn more about Cantaloupe, Inc., visit cantaloupe.com or follow the company on LinkedIn, Twitter, Facebook, Instagram or YouTube.
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