Tag: Starbucks mobile payments

Starbucks is testing the use of Bakkt Cash cryptocurrency as a mobile payments option

Stephanie Beck
Bakkt Cash cryptocurrency - Starbucks Store - Starbucks Employees

The coffee chain is conducting a limited test of the crypto among its many digital transaction options. Starbucks is testing a method for allowing its users to choose Bakkt Cash cryptocurrency to pay for coffee and food through the mobile app. The testing period was announced in a tweet by Adam White, the crypto’s president. The Bakkt Cash cryptocurrency – pronounced as “backed” – is overseen by Intercontinental Exchange (ICE) as a Bitcoin futures exchange. ICE also owns the New York Stock Exchange (NYSE). Earlier this month, the digital currency…

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Apple Pay swipes Starbucks’ long-held mobile payments crown

Julie Campbell
Apple Pay - Woman holding mobile phone with Starbucks case

The coffee chain has been the benchmark for m-payments success but no longer has the most users. For the first time, a general purpose mobile payments app has become more popular than Starbucks’ own as Apple Pay climbs to the top spot. The Seattle-based coffee company has been the gold standard for mobile payments success. New eMarketer Inc. data showed that Apple Pay now has more users than the Starbucks mobile payments service. Never before has a general purpose payment app been more popular than that of the coffee retailer.…

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

Jennifer Goula
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

John Montgallo
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

L. Green
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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