Vendy is an initiative to develop a complete Vending Machine Eco System locally to enable the local business entities to deliver necessary and beneficial products through vending machines into its community. MFS (mobile financial service) based payment mechanism, IoT enabled electronic buildup and software-driven systems to make Vendy a smarter, affordable and efficient vending machine for the local market.

For instance, in the garments, workplaces women don’t have emergency access to hygienic products. Also, the old-school vending machine system is not always helpful due to coins or changes issue. In Bangladesh, the usages of Coins are not popular whereas the mobile payment system has widely been adopted. Hence, Vendy is the initiative to mitigate the gap to enable the entrepreneur to offer a product to consumers doorsteps throughout 24/7.

On the initial level, Vendy targets the residential areas where setting up a retail store or tea stall is strictly prohibited; the corporate houses, academic building and so on.