Mobile payments popularity will be greater than credit cards in two years

Starbucks mobile payments popularity

A new U.N. report underscored the skyrocketing growth of PayPal, Alipay and other blockchain based transaction systems. A United Nations report indicates that by 2019 mobile payments popularity will “overtake credit cards” in terms of online shopping use. The report pointed to blockchain using systems as primary drivers for the popularity of mobile transactions. The United Nations body released a report saying that digital currency systems of payment will see greater use in e-commerce than debit and credit cards by 2019. The mobile payments popularity report was released by a…

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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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Chase Pay QR code launch: lots of noise with limited availability

Best Buy chase pay qr code

This mobile payments app currently works at only two store chains: Starbucks and Best Buy. When the Chase Pay QR code based mobile payments were launched, many consumers felt they could use them as an alternative to credit cards. However, shoppers are now discovering that the mobile wallet can be used at only very limited locations so far. Starbucks and Best Buy are the only merchants that currently accept these mobile transactions. The Chase Pay QR code based payments app launch came with quite a bit of fanfare from the…

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Starbucks mobile payments make up 1 in 4 transactions

starbucks mobile payments

One quarter of all purchases made at the coffee chain are completed through the use of smartphones. Starbucks mobile payments currently compose 25 percent of transactions made with the café giant. This figure takes into account the purchases made across the United States. It does not represent the statistics from other Starbucks locations around the globe. The Mobile Order and Pay transactions had made up a considerable 6 percent of the total. In September, that figure for Mobile Order and Pay transactions rose to 7 percent. This helps to further…

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Starbucks mobile payments to launch in China

Starbucks mobile payments card

The coffee giant has finally announced its intentions to expand its smartphone based experience in China. The Seattle-based coffee giant will finally be launching its Starbucks mobile payments in China. This expansion of its digital features has been long anticipated within that tremendous market. This will make it possible for customers to pay for orders using their smartphones. They will also be able to collect My Starbucks Rewards. The company announced the availability of this mobile commerce experience for over 2,200 Chinese locations. In a press release, Starbucks China president,…

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