What VENDOTEK does

VENDOTEK LLC is an Armenia-based designer and manufacturer of cashless payment hardware, headquartered in Yerevan, operating as a privately held LLC. The company builds two principal product families: the VENDOTEK V line of POS terminals (V, VX, VN, V3, VL) targeted at vending and unattended self-service, and the VENDOTEK T line of contactless EMV validators (T, T Lite) targeted at public transport fare collection. Supporting products include the TRANSITEK card reader for subway turnstiles, an EMV reader for ATMs, in-vehicle infrastructure (T Onboard PC, T Switch 8, T Router), cryptographic key storage, and PCI-certified payment applications (EFTBase 2.0, IntelliReader 2.00). Devices are certified across EMVCo L1/L2, PCI SSF (SLC and SSS), Visa, Mastercard, MIR, China UnionPay, Discover D-PAS, and American Express Expresspay 4.2 L2, and support contact, contactless, NFC mobile wallets (Apple Pay, Google Pay, Samsung Pay), QR codes, and regional schemes (UZCARD, HUMO, RuPay). More than 70,000 terminals are deployed across Europe and Asia.

VENDOTEK monetizes primarily through hardware sales of terminals and validators, supplemented by software licensing for its certified payment applications and transaction-based acquiring services enabled on its devices. The go-to-market is overwhelmingly channel-led: products reach end customers through system integrators and platform partners such as O-CITY (BPC), NEC India, AMCO, Consortium CNS, and DSK Bank, with direct enterprise field sales overlaid for large transport and smart-city tenders. Pricing is quote-based B2B and not publicly disclosed.

The customer base is concentrated in public transport authorities and smart-city projects across emerging markets — notably ATTO/Uzbekistan (1,100+ vehicles plus all Tashkent metro, processing roughly 7M monthly rides), Sofia Metro (500+ validators), Ahmedabad SCADL (1,000 buses serving 0.8M daily passengers), Ajman Transport Authority (UAE), and more than 1,000 readers across the UAE and Saudi Arabia. The VX terminal extends reach into adjacent verticals including self-service car washes (5,000+ locations) and EV charging (QUICK CHARGE), while the ATM EMV reader and T Onboard PC/Switch/Router suite indicate a deliberate move from a single-device supplier to a full-stack unattended-payment infrastructure vendor.

Name

VENDOTEK

Legal name

VENDOTEK LLC

Website

https://termt.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

VENDOTEK LLC is a Yerevan, Armenia-based designer and manufacturer of EMV-certified POS terminals and contactless validators for vending, public transport, and unattended self-service, with 70,000+ devices deployed across Europe, the Middle East, and Asia via channel partners.

Ownership category

akta.pro rank

Product category

Payment Terminal Hardware

NAICS

Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118)

SIC

Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

In-Store Contactless & NFC Acceptance (Tap-to-Pay, EMV Contactless) (FSAMADAF)

akta.pro secondary industries

Open-Loop EMV Contactless Fare Payments (THAIAMAD), Unattended & Self-Service Payments (Kiosks, Vending, Parking, EV Charging) (FSAMADAE), Mobile POS (mPOS) Devices & Handheld Terminals (HDACAKAB), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), POS Terminal Hardware (Countertop, Mobile, PIN Pads) (FSAMADAA)

Keywords

• POS terminal manufacturing
• CEMV payment validators
• Cashless payment hardware
• Transport fare collection
• Vending payment terminals

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Hardware Sales: Sale of POS terminals (VENDOTEK V, VX, VN, V3, VL) and transport validators (VENDOTEK T, T Lite) and card readers (TRANSITEK, EMV Reader)
2. Payment Processing/Transaction Fees: Terminals provide acquiring services enabling merchants to accept card payments, generating transaction-based revenue
3. Software Licensing: Licensing of payment applications including EFTBase 2.0 and IntelliReader 2.00 certified under PCI standards

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

VENDOTEK designs and manufactures POS terminals and cEMV contactless validators for cashless payments in vending machines and public transport. The product portfolio combines payment-accepting hardware with proprietary PCI-certified payment applications (EFTBase 2.0, IntelliReader 2.00) and supporting onboard transport infrastructure (vehicle PCs, switches, routers). Devices support contact, contactless, NFC mobile wallets, and QR code payments and are deployed across Europe, the Middle East, and Asia.

Product overview

VENDOTEK develops and manufactures POS terminals and cEMV validators for cashless payments in vending and transport. The product portfolio consists of two core hardware families: VENDOTEK V POS terminals for vending machines (including VL, VN, V3, and VX variants) offering 3-in-1 acquiring, monitoring, and fiscalization; and VENDOTEK T validators for transport fare collection (including Lite, standard, and companion devices). Supporting products include TRANSITEK card readers for subway turnstiles, EMV readers for ATMs, and onboard infrastructure (T Onboard PC, T Switch 8, T Router). The ecosystem is complemented by cryptographic key storage and PCI-certified payment applications (EFTBase 2.0, IntelliReader 2.00). Over 70,000 terminals are deployed across Europe and Asia.

Differentiator

Problem solved

Functional benefit

Products and services

• VENDOTEK V POS Terminal Smart 3-in-1 payment terminal for vending machines that combines acquiring, monitoring, and fiscalization in a single compact device. Supports contact, contactless, and magnetic card payments as well as NFC-enabled mobile devices. Sold to vending machine operators and integrators.
• VENDOTEK VX Outdoor POS Terminal Outdoor payment terminal designed for self-service devices in harsh environments, featuring a bright 3.5-inch touchscreen. Accepts contactless payments from bank cards, phones, and NFC devices. Deployed at car washes, EV charging stations, outdoor kiosks, and vending machines.
• VENDOTEK VL (Vendotek Lite) Terminal Compact contactless payment terminal designed to work with a telemetry modem for standard vending machine integration. Offers simplified functionality for cost-sensitive vending deployments.
• VENDOTEK VN Terminal Low-cost payment terminal with maximum functionality, offering core payment features at a competitive price point for vending applications.
• VENDOTEK V3 Terminal Universal payment terminal for vending that accepts contact, contactless, and magnetic cards, providing versatile payment acceptance for various vending machine configurations.
• VENDOTEK T cEMV Validator Contactless EMV validator designed for public transport fare collection. Installed on buses, metro turnstiles, and other transit fare gates, supporting open-loop contactless payments via bank cards, mobile wallets, and transport cards.
• TRANSITEK Card Reader Bank card reader for subway turnstiles and paid access systems, enabling contactless payment acceptance in metro and transit environments. Deployed in Sofia metro, Ahmedabad BRT/AMTS, and UAE public transport.
• VENDOTEK EMV Reader for ATMs EMV card reader designed for ATMs, automated fare collection in public transport, paid access systems, turnstiles, metro gates, and ticketing machines. Supports Visa, MasterCard, UnionPay, contactless HF cards, and NFC smartphone payments including Apple Pay, Google Pay, and Samsung Pay.
• VENDOTEK T Onboard PC Vehicle-mounted onboard computer for public transport that manages networks of VENDOTEK T Lite validators and other devices. Designed for buses, electric buses, trolleybuses, and trams. Pre-installed with Android or Ubuntu OS with protection against voltage fluctuations.
• VENDOTEK T Switch 8 8-port network switch providing PoE Ethernet communication between public transport fare collection devices, featuring individual protection for each connected device.
• VENDOTEK T Router Vehicle router providing wired Ethernet 10/100 BaseT and Wi-Fi connectivity to validators, with LTE modem for internet access and GPS/GNSS antenna output. Runs OpenWRT operating system.

Quantifiable outcome

• 7,000,000 monthly rides processed on VENDOTEK-equipped Tashkent transport
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and flagship.

• O-CITY (BPC)coreStrategic or Co-development PartnerO-CITY automated fare collection platform integrates VENDOTEK T validators for contactless EMV payments in public transport. Partnership enables multi-modal payment acceptance including QR codes, Visa/Mastercard, and national payment cards. Deployments include Tashkent (7M monthly rides) and Ajman Transport Authority.
• NEC IndiaflagshipImplementation/ SI/ Consulting PartnerNEC partnered with Smart City Ahmedabad Development Limited to implement intelligent transport management system incorporating VENDOTEK card readers for automated fare collection. VENDOTEK equipment provides high card reading speed, preventing queues and payment problems.
• AMCO (Greek company)coreChannel Partner/ Reseller/ DistributorAMCO supplied VENDOTEK card readers for NEC India's Ahmedabad smart city project. AMCO serves as regional distributor bridging VENDOTEK manufacturing with Indian market deployments.
• Consortium CNSflagshipImplementation/ SI/ Consulting PartnerConsortium CNS implemented Sofia metro automated fare collection system in partnership with DSK Bank and O-CITY, deploying 500+ VENDOTEK T validators at metro turnstiles.
• DSK Bank/DSK Mobile (OTP Group)flagshipStrategic or Co-development PartnerDSK Bank/DSK Mobile (part of OTP group) partnered with Consortium CNS and O-CITY to implement Sofia metro automated fare collection system using VENDOTEK T validators.
• UZCARDcoreTechnology or IntegrationUZCARD national payment system enables cashless payments in Uzbekistan. VENDOTEK validators accept UZCARD cards for bus fare payment, and UZCARD acceptance extends to hotels, stores, and markets across Uzbekistan.
• ATTO (Uzbek national transport operator)flagshipStrategic or Co-development PartnerATTO serves as master national operator for Uzbekistan transport. O-CITY platform deployed on ATTO infrastructure with VENDOTEK T validators across 1,100+ vehicles and all Tashkent metro stations, processing 7M monthly rides.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Verifone: Global POS terminal incumbent with a broad product portfolio covering countertop, mobile and unattended terminals. Overlaps with VENDOTEK in unattended and transit-adjacent verticals but operates across many more merchant categories.
• Worldline (formerly Ingenico): European payments and POS hardware giant covering terminals, processing and merchant services. Competes with VENDOTEK in unattended acceptance and transit fare collection as part of a much wider portfolio.
• Conduent Transportation: Large incumbent systems integrator for transit fare collection (including Sofia metro deployments). Overlaps with VENDOTEK's transit business as both a competitor and a potential SI channel for validators.

Direct peers

• PAX Global Technology: Hong Kong-listed manufacturer of POS terminals and PIN pads sold globally to acquirers and merchants. Direct competitor to VENDOTEK V POS terminals with similar OEM/channel GTM and multi-vertical (retail, vending, mPOS) reach.
• Payter: Dutch specialist in contactless unattended payment terminals for vending, EV charging, parking and laundromats. Highly comparable to VENDOTEK's VX outdoor terminal and self-service focus.
• Castles Technology: Taiwanese manufacturer of secure payment terminals, PIN pads and contactless readers, with strong presence in unattended and transit segments in EMEA and APAC. Closely comparable to VENDOTEK's product mix.
• FEIG Electronic: German manufacturer of contactless payment terminals, NFC readers and validators used in vending, EV charging, parking and transit — overlapping closely with VENDOTEK's unattended and validator products.
• ID Tech (HID Global): Manufactures EMV chip card readers, contactless/NFC readers and PIN pads used across kiosks, vending, transit and ATM integrations. Comparable to VENDOTEK's TRANSITEK and EMV Reader modules.
• Miura Systems (NCR): Provider of secure mPOS and unattended payment hardware now under NCR; competes in vending, parking and transit contact/contactless acceptance segments similar to VENDOTEK's portfolio.

Others

• BPC (O-CITY): Fintech platform provider whose O-CITY open-loop fare collection solution integrates VENDOTEK validators. Strategically adjacent: same transit deployments (Tashkent, Ajman) but competes for the platform layer above VENDOTEK's hardware.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/vendotek
• LinkedInlinkedin.com/company/vendotek-terminals-validators

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VENDOTEK