Walmart and Dunkin’ Donuts Gaining on Apple Pay and Samsung Pay, But Starbucks Is Tops
Apple, Google, and Samsung have spent the past few years fighting to convince smartphone users to adopt their mobile payments systems.
But all the while, it’s coffee retailer Starbucks that had created the most popular mobile pay system, research firm eMarketer says. The Starbucks (SBUX, -0.65%) payments app was used by 20.7 million people at least once every six months last year, beating out the 19.9 million Apple Pay users.
Google Pay was used by 9.3 million and Samsung Pay came in fourth place with 8.4 million users, despite being accepted in the most places, eMarketer said in a report released on Tuesday. Overall, 48 million people used one or more of the mobile pay apps last year, which is expected to jump to almost 15% to 55 million this year.
Mobile payments apps are finally starting to take off after years of hype. Increasing rewards available for paying with a phone combined with the introduction of EMV chip credit cards, which have slowed check out times for regular credit card users, are contributing to the growth.
The key to Starbucks popularity is the app’s links to the company’s rewards program, according to eMarketer analyst Cindy Liu. “For users of the app, the value of paying with their smartphone is clear and simple—you can save time and money at the register, all while racking up rewards and special offers,” Liu wrote in the report.
But while the three major smartphone makers’ apps will continue to grow, apps from other retailers are nipping at their heels. Apple’s (AAPL, -0.15%) service will reach 27.5 million users by 2022, eMarketer forecast, compared to 14.9 million for Google (GOOGL, -0.78%) and 13.2 million for Samsung. Starbucks will remain in first place in 2022 with a projected 29.8 million users.
22 May, 2018
FROM THE WEB
Online lender Kabbage to launch payment services by year-end
MAY 22, 2018 / 3:23 AM
In Faddish China, Even Glorified Vending Machines Raise Billions
May 21, 2018, 1:30 AM GMT+5:30
More Americans are struggling to pay their credit cards, and what’s holding them back is only getting worse
MAY 22, 2018, 12.01 AM
Digital payments take a hit each time customers shop
The Times of India
May 21, 2018, 08:01 IST
Jack Ma, Chinese tech help PH slay cash as king of payments
May 21, 2018
Setting tone for payments
NEW DELHI, MAY 20, 2018 20:27 IST
FROM THE TUBE
Jack Ma Inspirational Dialogue with Tel Aviv University Students
Published on May 6, 2018
PayPal CEO & Jim Cramer Talk China, Diversity, Alexa and More!
TheStreet: Investing Strategies
Published on May 7, 2018
Wells Fargo Reimagines Mobile Experience with ‘Pay with Wells Fargo’
Published on May 10, 2018
Counting the cost of going cashless
Published on May 10, 2018
Technology insights from Day 2
NRF Expo 2018 | Retail Assist Vlog
Published on Jan 17, 2018
Technology insights from NRF Expo 2018 |
Retail Assist Vlog
Published on Jan 16, 2018