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Mobile payments at Starbucks approaching a weekly 4 million transactions

Mobile payments at Starbucks approaching a weekly 4 million transactions

The use of the application is becoming a regular part of the daily experience for customers. Starbucks is continuing to report very impressive numbers for the use of mobile payments in its cafes, as the use of the related app becomes a regular part of the customer experience in its locations. The latest reports have shown that analysts are also continuing to find this success highly appealing. Howard Schultz, the CEO of Starbucks, spoke with analysts last week … Read entire article »

Filed under: Commercial, International, Mobile Commerce, Mobile Payments, Trends, United States

Mobile payments are just getting started, says Tim Cook

Mobile payments are just getting started, says Tim Cook

The Apple CEO was quoted to say that the technology and its use is still “in its infancy”. CEO of Apple, Tim Cook, has revealed that while he does see a future for mobile payments, its current status remains an immature market, which has led many in the technology industry to believe that his company is not planning to make any considerable moves into that sector within the near future. The CEO feels that the market is … Read entire article »

Filed under: Commercial, Mobile Commerce, Mobile Payments, Near Field Communications, Trends

Mobile payments used more often when incentives are offered

Mobile payments used more often when incentives are offered

Consumers are more likely to use these services when they have an additional financial benefit to do so. According to new research, the most successful efforts that have been made to boost the use of mobile payments among consumers who have previously used this type of transaction is financial incentives. Moreover, financial management tools over smartphones encourages more frequent use. Among the participants in the study were 4,000 smartphone users who have already used mobile payments services. Over … Read entire article »

Filed under: Mobile Payments, Trends

Mobile payments growing in popularity at the supermarket

Mobile payments growing in popularity at the supermarket

Though the transaction type as a whole is still off to a slow start, there is demand when buying food. According to the latest industry data that has been released regarding the use of mobile payments, smartphone users enjoy using their devices to complete transactions at the grocery store. When consumers arrive at the point of sale, they are often happy to use their smartphones to pay. This mobile payments trend was included in the latest published data … Read entire article »

Filed under: Mobile Commerce, Mobile Payments, Trends

Mobile payments receive new framework in China

Mobile payments receive new framework in China

People’s Bank of China sets sights on mobile payments The People’s Bank of China, China’s largest telecommunications company, has released new technical standards that are meant to govern the proliferation and support of mobile payments. Mobile commerce has been experiencing strong growth in several Asian markets, with much of this growth taking root in China. A growing number of consumers are becoming comfortable with the idea of mobile payments, leading People’s Bank of China to begin … Read entire article »

Filed under: International, Mobile Commerce, Mobile Payments, Near Field Communications, Technology News

Mobile payments partnership formed between Tieto and Russian MTS Bank

Mobile payments partnership formed between Tieto and Russian MTS Bank

The Finnish company has announced that it has entered into a deal with the banking giant from Russia. Tieto, a technology provider from Finland, has entered into a partnership with Russian MTS Bank in order to be able to launch a suite of different mobile payments technology services to their customers. There are several different services that are being combined within this transaction suite for smartphones. Among the various mobile payments capabilities that are being created for the … Read entire article »

Filed under: International, Mobile Payments