Elevate your Life through Mobile Wallet
Even if smartphone payments have been in the circulation for years now the adoption of Starbucks of Square’s newest technology is simply a sign that mobile payments could be a normal thing. Starbucks also invested around $25M in Square to be a part of their financing which provides value to the company at around $3B and according to Howard Schultz who happened to be the CEO of Starbucks coffee company, he will then join the board of trustees of Square’s.
It was last year when Starbucks launched their own payment scheme which is also mobile base wherein people can download the app easily. This app can still be used by existing customers but they can also use the Pay with Square using a mobile app as well without even taking out of your phone from your bag and without signing a receipt as well. Square started out in the limelight in 2010 and just like PayPal, Sprint, Google and others they are still trying to strengthen their mobile payment system and offer more comfort to people these days.
Square is moving quite slowly in the business because they need help coming from big companies such as Starbucks and credit card companies. They can also get help from big mobile phone carriers to make their goal reachable. Americans are quite happy with the Way Square handled out mobile payment schemes especially now that a lot of people are in deep trouble because of their excessive credit card usage.
Since there are lots of Americans today who actually use their mobile phones it can be one of the best ways to lessen the amount of debt yearly according to a survey and because more young individuals are using their mobile phones it could also help younger consumers to use their mobile wallets and use less their credit cards when dining.
