28 May 2017
Visit EBAday.com

Starbucks and PayPal report surge in mobile payments

04 November 2011  |  10712 views  |  0 starbucks

While banks and telcos continue to tread gingerly in the mobile payments space, trailblazers like Starbucks and PayPal are reporting massive surges in transaction volumes.

Starbucks says it has now processed more than 20 million mobile payment transactions since it rolled out its pay-by-mobile application nationwide in January.

The company, which has moved beyond the iPhone to offer mobile payments on Android and BlackBerry devices in 9000 stores nationwide, says it is experiencing sequential month-on-month increases in customer adoption and volume.

Speaking at an earnings conference call on Thursday, Starbucks chief Howard Schultz, commented: "At the end of September there was almost 1 million smartphones with at least one registered Starbucks Card associated with it and both the number and value of mobile transactions is on the rise."

Similar uplifts are being reported by PayPal, which has repeatedly raised its projections for mobile processing during the course of the year, and now expects to see $3.5 billion in mobile payment volume in 2011. The company, which opened its first pop-up store in Manhattan this week to showcase its options for high street retailers, says it is now processing more than $10,000 per minute in mobile payments.

These numbers are expected to surge over the holiday season, as US consumers reach for their smartphones over Thanksgiving and indulge in a spot of "couch commerce".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

NCR, PayPal and S1 offer P2P payments through ATMs

NCR, PayPal and S1 offer P2P payments through ATMs

12 October 2011  |  9619 views  |  1 comments
PayPal to open pop-up store in Manhattan

PayPal to open pop-up store in Manhattan

04 October 2011  |  7034 views  |  0 comments
PayPal goes after the high street

PayPal goes after the high street

15 September 2011  |  13895 views  |  1 comments
PayPal adopts NFC for direct phone-to-phone payment transfers

PayPal adopts NFC for direct phone-to-phone payment transfers

14 July 2011  |  8609 views  |  0 comments
PayPal to acquire mobile payment company Zong

PayPal to acquire mobile payment company Zong

07 July 2011  |  10442 views  |  0 comments
Paypal calls time on physical wallet

Paypal calls time on physical wallet

30 June 2011  |  11750 views  |  0 comments
PayPal doubles mobile payment projections to $3 billion for 2011

PayPal doubles mobile payment projections to $3 billion for 2011

24 June 2011  |  9063 views  |  0 comments
Pizza Express and PayPal introduce iPhone payment system

Pizza Express and PayPal introduce iPhone payment system

16 June 2011  |  15661 views  |  1 comments
PayPal brings cheque deposit feature to Android app

PayPal brings cheque deposit feature to Android app

19 May 2011  |  8127 views  |  1 comments
Starbucks rolls out m-payments across US

Starbucks rolls out m-payments across US

19 January 2011  |  9442 views  |  3 comments
Starbucks brings mobile app to New York; adds PayPal option

Starbucks brings mobile app to New York; adds PayPal option

04 November 2010  |  9106 views  |  2 comments
VeriFone extends mobile payments acceptance with PayPal

VeriFone extends mobile payments acceptance with PayPal

26 October 2010  |  10340 views  |  0 comments
PayPal launches mobile version of Express Checkout

PayPal launches mobile version of Express Checkout

02 July 2010  |  10131 views  |  0 comments
Starbucks opens coffee booth on Nyse trading floor

Starbucks opens coffee booth on Nyse trading floor

03 June 2010  |  8175 views  |  0 comments
PayPal mobile developer library enters open beta

PayPal mobile developer library enters open beta

28 April 2010  |  8935 views  |  0 comments
PayPal iPhone app downloaded one million times in three weeks

PayPal iPhone app downloaded one million times in three weeks

07 April 2010  |  10453 views  |  0 comments
Starbucks serves up caffeine on the iPhone

Starbucks serves up caffeine on the iPhone

24 September 2009  |  11164 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit dh.comvisit www.events.sap.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
14032 views comments | 53 tweets | 81 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
8007 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
7478 views comments | 16 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
7287 views comments | 12 tweets | 21 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job