About the vending machine industry in Malaysia
In Malaysia, using vending machines for transactions is a way for low-income people to avoid handouts.
On June 14, 2023, Rafiqi from Malaysia said that his department expected to purchase 5,000 vending machines by August. On November 15, 2023, the procurement process was completed. According to local gossip in Malaysia, the Malaysian government may purchase thousands of automatic medicine vending machines next year. As part of the People's Income Initiative, low-income families in Malaysia can sell food and drinks at vending machines in high-traffic areas. The government pays the monthly rent for these machines.
Malaysia is a country that fully accepts self-service vending machines, with government support and high market acceptance.
(Clothes, mobile phones, 3C electronics, food and beverages, prepared dishes, daily necessities, medicine, etc.) Basically every university in Malaysia has vending machines
Malaysia is a country
that advocates freelancing
where Chinese account for 1/3 of the total population
With prosperous international tourism
with poor infrastructure and transportation, and people travel by renting cars and self-driving
suitable for creating vending machine scene applications and radially affects Southeast Asia, especially Singapore and Thailand.
The development of the retail industry has greatly increased the demand for vending machines. According to “An In-depth Research and Analysis Report on Malaysia’s Vending Machine Market 2021-2025" released by the Newsijie Industry Research Center, profit margins of traditional retail stores in Malaysia have been repeatedly compressed due to increasing store rents and employees’ wages. Besides, it’s difficult for new unmanned retail stores to sustain development due to low consumption frequency and high costs. In comparison, vending machines have a smaller footprint, lower initial investment, lower operating costs. , wider distribution range and higher density. The machine itself can also be rented as an advertising space. It is expected that in the future, vending machines will form a huge industrial chain and will be the third major reform of the retail industry after department stores and supermarkets. It is one of development trends of the retail industry in the future.
Mainstream mobile payment platforms in Malaysia
In Malaysia, mobile payment has developed rapidly, and the popularity of the network has reached 70%, which has provided a foundation for the development of online payment. More and more stores are beginning to support credit card, Grab Pay, Go Pay, Alipay and WeChat payment. Mobile payment for mobile phones includes: Touch 'n Go eWallet, Grab Pay, WeChat Pay, MOL Global, Boost Pay, Maybank Pay, Fave Pay, BigPay and so on.
