The company founded by engineer Antonio Torres is expanding at the same pace as digital payments grow exponentially.
Muxunav is a young company. Its team of 9 members can be found in its newly opened offices in Noáin, but their work is spread across thousands of mobile phones.
On their website, muxunav.com, they explain: “We are an engineering firm specialising in the development of hardware and software, as well as graphical interface devices with multiple functionalities”.
The company was founded by its current CEO, Antonio Torres. Its initial goal? Upgrading the functions of obsolete vending machines. And from there they moved on to developing new digital collection and payment methods for companies, retail premises and the self-employed.
Among its flagship products are applications such as Vending Telmark, LaKuenta or Kontrol de Edad (Age Control). Muxunav’s line of action is based on one reality: the exponential rise in digital economic transactions compared with cash.
According to a report by Price Waterhouse Coopers, electronic transactions will triple before 2030, and the Muxunav team works with this reality in mind. Its main challenge now is international expansion, a task in which its CEO acknowledges that having a good network of business contacts is essential.
The coronavirus pandemic was one of the turning points in Muxunav’s path. The increased use of cards over cash for health reasons forced many vending machines to be converted.
That is when Vending Telmark arrived, a system to adapt coin machines for card use without having to change the whole machine. Along the same lines they created another application, Kontrol de Edad, in response to the situation faced by many vending machine owners when the sale of energy drinks to minors, for example, was banned.
Its current flagship product is La Kuenta, a payment system for the self-employed and small businesses that makes it possible, with just a mobile phone, to pay for services and send invoices automatically.
