Starbucks mobile payments now account for 30 percent of the coffee chain’s transactions

starbucks mobile payments app

The Seattle based quick service café recently reported posting $5.7 billion in third quarter revenue. Starbucks mobile payments are continuing their steady trend toward increasing usage, according to the coffee chain’s most recent quarterly earnings report. The third quarter earnings at Starbucks were reported to be $5.66 billion, representing an 8 percent increase. That said, despite the healthy rise over the same quarter last year, Starbucks missed its predicted target of $5.76 billion. The company’s non-GAAP earnings were $0.55 per share, which managed to meet expectations. That said, there was…

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Chinese mobile payments are driving the country toward becoming cashless

Chinese mobile payments

People in the country have used cash for thousands of years but smartphones are rapidly replacing it. Chinese mobile payments are quickly gaining ground as the country goes increasingly cashless in favor of smartphones. Despite the popularity of cash and the fact that it has been used in China for millennia, its days may be numbered. This move toward mobile wallets is allowing much of the country to skip the use of plastic credit cards. In May, the Trump administration celebrated a bilateral deal with China, allowing American credit cards…

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QR code solution brings banking options to Cambodians

cambodia qr code solution

The country is greatly unbanked, but mobile digital transactions are now rapidly on the rise. Cambodia has been struggling to drive mobile payments to the point that they are mainstream but a new QR code solution appears to be correcting the issue. The quick response codes are sending a growing number of mobile device owners to their smartphones when they reach the checkout counter. The kingdom is hoping to reduce the use of cash, which remains its most commonly used form of transaction. As cash is an expensive way to…

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Mobile payments awareness is rising in North America despite low adoption

mobile payments awareness wallet NFC near field communication

Consumers here still feel most transactions will be based on cash at least until 2020. An Accenture study showed mobile payments awareness has reached 56 percent of consumers in North America. This represents a 4 percent increase over the figures recorded a year ago. That said, those same consumers don’t appear to be adopting mobile wallets. Regular mobile payments usage has stayed at 19 percent among North American consumers. This, despite the fact that a much higher number actually know the transaction method exists. Among the respondents in the mobile…

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Mobile payments market will see explosive growth in the US

mobile payments Europe

Report predicts the rise of mobile transactions throughout the United States The mobile payments market is expected to explode in the United States, according to the latest report from eMarketer. Consumers are becoming increasingly aware that they can use a variety of services to pay for products online and in physical stores, all from their mobile devices. These shoppers are showing more interest in mobile payments, largely due to their convenience, and the options that they have available to them are drawing more people into the mobile commerce market. Mobile…

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