Starbucks Mobile Payments Now Account for 10% of Revenue
As if anyone (yet alone me) needs to stress the importance of having some type of mobile technology at the center of your company’s marketing mix – Mobile Commerce Daily has reported that Starbucks has experienced significant growth in the number of mobile payments received by customers. So much so, that it accounted for 10% of the company’s revenues. At present, Starbucks is seeing near 4 million mobile payments per week., up 50% from Q4 2012 and 25% from just last month (Q1 2013). Mobiquity SVP of Mobile Insights Gene Signorini said, “Starbuck’s success shows that mpayments can be done right and successfully if you understand your customers well, you are committed to making it a success and continue to evolve over time to get the experience optimised for users,” “For companies who are either just beginning to implement mobile payments, or haven’t started yet, Starbuck’s success is a good thing,” Adding.. “Every new technology innovation requires a few leading edge companies to act as trailblazers, and Starbuck’s...
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