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Starbucks customers have accumulated a total unspent balance of US$1.628bn on the company’s prepaid physical and digital reward and gift cards, the coffee giant’s 2021 Q3 earnings call has revealed... More
The number of American consumers using their smartphone to make in-store mobile payments will reach 101.2 million in 2021 following a 29% increase in usage during 2020, according to an eMarketer forecast... More
Senders of Evite digital greeting cards can now also send the recipient a gift card, via an integration with Blackhawk Network‘s eGift service... More
Nearly one in four transactions at Starbucks outlets in the US are now being made using the company’s mobile app, the coffee chain reports. The company’s 2020 fiscal results show that the percentage of mobile orders made using the Starbucks app has increased over the year More
China’s Ministry of Commerce has announced that pilot testing of a central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) is to be expanded to cover the country’s major commercial regions and cities including Beijing, Shanghai, Hong Kong and Macau... More
Apple is preparing to introduce its own QR codes later this year, leaked files shared with former Techcrunch reporter Josh Constine suggest... More
Starbucks, McDonald’s among 19 firms to test China’s digital yuan — Coindesk — “Starbucks and McDonald’s are reportedly among 19 restaurants and retail shops that will be involved in testing China’s central bank digital currency in the country’s Xiong’An new district, a local news outlet reported on Thursday, citing a government document. The move signals China’s wider efforts to test the digital currency project, with state-owned commercial banks already developing wallet applications for the digital yuan, also known as DC/EP.”
Three in ten US smartphone owners now use a mobile payments app to make payments in stores — and Apple Pay is now the most popular with 30.3 million users, according to new research by eMarketer... More
Starbucks has introduced a branded contactless payment pen that customers in Japan can load with funds and then use to make payments at any FeliCa-compatible POS terminal... More
The state of mobile payments in 2019 — Electronic Transactions Association — “In 2018, 55 million people in the US used their smartphone to make a payment at a physical point of sale, whether by loading money into a closed-loop mobile app (like the Starbucks app) or by loading a credit or debit card into an open-loop mobile wallet (like Apple Pay, Google Pay, or Samsung Pay) and using it to pay at the point of sale. These 55 million users account for about 20% of the U.S. population aged 15 and over, and just over 25% of US smartphone users.”
Coffee giant Starbucks has begun rolling out its Starbucks Now mobile-based, pre-order and pay service to 300 stores in Beijing and Shanghai... More
New chain outlets increase Maybank QRPay merchant base to more than 250,000 — Maybank — “More than 250,000 merchants throughout Malaysia now accept payments using Maybank QRPay, its QR code mobile payment platform, following the recent addition of major chain outlets which include TGV Cinemas, KK Super Mart, 99 Speedmart and Big Pharmacy. This is set to increase further as McDonald’s, Mydin and Starbucks are also piloting this mobile payment option at selected stores within Klang Valley.”
Intercontinental Exchange announces Bakkt, a global platform and ecosystem for digital assets — Intercontinental Exchange — “Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks,” said Maria Smith, vice president, partnerships and payments for Starbucks. “As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers.”
Razer Pay gains 300,000 users in Malaysia within 48 hours — Razer — “Within 48 hours from the launch of Razer Pay on 4 July 2018, over 300,000 users in Malaysia downloaded and signed up for the Razer e-wallet app designed for youth and millennials… Also within the same 48 hours, over 11,000 transactions were made by first-time Razer Pay users at Berjaya Group stores (such as 7-Eleven and Starbucks).”
Razer Pay launches in Malaysia — Razer — “Razer Pay is the e-wallet designed for youth and millennials… Over 6,000 major retail and F&B outlets will accept Razer Pay, with participating brands such as 7-Eleven, Starbucks, Singer, Cosway, Greyhound Café, Wendy’s, Kenny Rogers, Krispy Kreme, 99 Speedmart, Tealive, Thundermatch, Sweet Hut and more… Razer Pay will roll out in other Southeast Asian countries in the coming months.”
Starbucks to increase number of cashless stores in Korea — Retail News Asia — “Starbucks Coffee Korea Co said Monday it will increase the number of cashless stores to over 100 across South Korea this month amid rising use of credit cards and mobile payment systems in the tech-savvy country… Starbucks said the decision is part of its broader digital innovation drive as cash payment has been constantly declining at stores in South Korea, from 31% of the total in 2010 to 15% in 2013 and 7% last year.”
JPMorgan Chase takes smartphone account ‘Finn’ nationwide — Reuters — “JPMorgan is offering $100 to people who open accounts and complete 10 transactions of certain types, such as sending money to another person or paying a bill. The incentive is designed to make customers familiar with using the app, said Melissa Feldsher, head of Finn. She believes customers will stick with the accounts after seeing they can automatically make deposits to their savings accounts, such as moving $2 from their checking account every time they spend $5 with the app at a Starbucks coffee shop.”
Starbucks and Chase introduce Starbucks Rewards Visa Prepaid Card — Starbucks — “Today, Starbucks and Chase announced the availability of the Starbucks Rewards Visa Prepaid Card, the first prepaid or debit product where you can earn Stars outside of Starbucks.”
23.4 million US consumers aged 14 and over will use Starbucks’ mobile app to make a purchase at the point of sale at least once every six months this year, research from eMarketer has found... More
Starbucks Korea debuts voice ordering through Samsung’s Bixby — Starbucks — “Bixby allows My Starbucks Rewards customers in South Korea to place an order and pay through voice recognition ‘on command’. The feature allows customers to speak just as if they were talking to a barista in-store, including modifying their beverage to meet their personal preference… These features are an extension of Starbucks Siren Order, the company’s mobile order and pay technology, which allows customers in South Korea to order and pay for their purchases before arriving at their store.”
