Innovation

PayRange Retrofits Vending Machines for Cashless Sales


Innovator: Paresh Patel  
Age: 39  
Founder of year-old startup PayRange in Portland, Ore.

Form and function: To boost sales at vending machines among consumers who rely largely on credit cards, PayRange’s USB-size Bluetooth-enabled device can retrofit a cash-operated machine to accept payments via the company’s smartphone app.

Olga_kharif1
Kharif is a reporter for Bloomberg News and Bloomberg Businessweek in Portland, Ore.

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