Wednesday, July 30, 2014

Starbucks Payments and Walmart Acquisitions

A couple items of news today are worthwhile.

First up is news of the continuing success of the Starbucks mobile app for mobile payments.  15% of all payments at Starbucks stores go through the app making it the most successful mobile wallet in history.  Now a new milestone has been reached:

http://www.mobilepaymentsinsider.com/2014/07/29/starbucks-hits-six-million-mobile-payments-a-week-and-new-projects-are-in-the-pipeline-says-ceo/

Next is news of Walmart continuing to acquire companies that can assist with its eCommerce plans:

http://www.internetretailer.com/2014/07/29/wal-mart-makes-another-e-commerce-acquisition

Several companies were acquired last year has been followed by acquisition of a product search firm and a recipes firm so far this year along with this latest.

Happy Reading,

J.W. Gant

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