Starbucks, KFC on Apple Pay

Starbucks's own mobile-payment application has been a success, accounting for 20% of transactions at the coffee chain's US. stores

Starbucks, KFC on Apple Pay
Bloomberg
Last Updated : Oct 10 2015 | 12:57 AM IST
Apple Inc. is rolling out its mobile-payments service for select Starbucks Corp. stores by the end of the year, and will reach 7,500 company-owned stores in 2016, the coffee chain said in a statement. KFC stores and Chili's Grill & Bar will make Apple Pay available in 2016 as well, Jennifer Bailey, the Apple vice president in charge of the service, said at the Code/Mobile conference Thursday.Wider acceptance should give Apple Pay a much-needed boost.

Lack of acceptance at various retail stores has been partly to blame for the slow roll-out. A year since its debut, the payment service only accounts for 1 percent of all retail transactions in the U.S., according to researcher Aite Group. Starbucks's own mobile-payment application has been a success, accounting for 20 per cent of transactions at the coffee chain's US. stores.

Starbucks has said it intends to make all popular payment methods available to customers. Haley Drage, a spokeswoman for the Seattle-based company, said its U.K. stores have been accepting Apple Pay for several months. "It was received well by consumers," she said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 10 2015 | 12:27 AM IST

Next Story