Continue ...
The Biggest Thing Since E-Commerce
Here in the U.S., Starbucks was the first major retailer to start accepting m-payments— and it was a runaway success. In the first month alone, 3 million people paid for their grande caffeine fix using their smartphone. That’s an incredible 22% of ALL transactions.
A slew of major retailers are right behind them. McDonald’s will accept m-payments in all 1,200 U.K. stores this year. Pharmacy giant CVS already has terminals installed in stores across the country.
But it’s not just retailers that are jumping on mobile payments. Transit riders in Salt Lake City can leave their change at home and pay for metro or bus fare using their smartphone. Even some tech-savvy Girl Scout troops in Ohio let you satisfy that Thin Mint fix with a simple wave of your smartphone.
The applications are endless—vending machines, ATM withdrawal, gas pumps will all go mobile.