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Starbucks racks up 7 million mobile payments in its stores per week

All of the attention might be on Apple Pay and CurrentC, but Starbucks has greatly benefited from mobile payments
By: Michael Hatamoto | Mobile Devices, Tablets & Phones News | Posted: Nov 4, 2014 12:30 am

Coffee giant Starbucks could very well be the leader in the mobile payment sector, as CEO Howard Schultz said his company handles 7 million mobile payments each week. Starbucks also has seen 16 percent of all its transactions coming from mobile devices, with almost 50 percent growth each year - and 90 percent of all mobile payments last year occurred in Starbucks.

 

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Not surprisingly, Starbucks is keen to utilize technology, as its coffee shop locations throughout the United States draw a large number of tech-savvy customers. The company provides free Wi-Fi, mobile payments, and plans to roll out wireless charging stations built directly into tables.

 

Schultz also said he's not worried about Apple Pay, noting "anything that Apple or PayPal or others do that brings the consumer to a higher level of trust about mobile payment is positive for the marketplace at Starbucks."

NEWS SOURCES:Nbcnews.com, Londoncalling.co

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