Contactless mobile payments will see use by 100 million Americans this year

Contactless mobile payments - Image of Google Pay

The pandemic has caused a sharp change in favor of the contact-free transaction methods in the US. Efforts to slow the spread of COVID-19 are being attributed to the trend toward the use of contactless mobile payments in the United States. Consumer shopping behaviors have altered to avoid touching commonly used surfaces. Before the pandemic, the adoption of contactless mobile payments had bee slow and gradual when compared to many other countries around the world. Consumers were satisfied with the convenience of using their credit and debit cards and didn’t…

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Zimbabwe mobile payments get a shot in the arm from cash crisis

zimbabwe mobile payments bitcoin

The country is suffering from a shortage of cash as Bitcoin simultaneously makes its presence larger. A suddenly downward shift in the availability of cash has driven Zimbabwe mobile payments into a position in which it is experiencing rapid growth. This represents quite a change for the country which has always had a glut of banknotes available. In fact, the $100 trillion note actually exists. However, the country has suddenly found itself in a position of cash shortage, forcing other transactions into popularity. As Zimbabweans search for ways to pay…

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PayPal rolls out Venmo mobile payments across the United States

paypal venmo mobile payments

Millions of American retailers can now accept transactions through the system using the mobile web. This week, PayPal announced that over 2 million American retailers will soon be accepting Venmo mobile payments as a checkout option. This system is launching across the United States and reflects PayPal’s growing partnership with Venmo. The Venmo mobile payments checkout option will soon become available at any U.S. location that PayPal is accepted. Businesses with Venmo will be able to accept the transactions by way of the Braintree platform. This allows Venmo customers to…

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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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Mobile payments use is mainly for transportation and restaurant bills

mobile payments use

A new survey shows that there are some very specific reasons for which smartphone wallets are used. A new Market Intelligence and Consulting Institute under the Institute for Information Industry study provided insight on mobile payments use. It showed that consumers are using mobile wallets most frequently for paying for their meals at restaurants and for buying fare on transportation services. The mobile payments survey showed 76.4 percent of consumers who used the tech did so to pay at a restaurant. Another 33.2 percent of mobile payment use was for…

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