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Starbucks could license off its mobile payments technology to retailers

Stephen | March 25, 2014

Starbucks continues to see major success in the mobile commerce space

Starbucks has found a great deal of success in the mobile commerce space. The company’s partnership with payments processor Square has been quite lucrative and has given Starbuck’s some ideas for the future. The company recently announced plans to begin selling alcohol and hot food at thousands of its stores in the near future, while also unveiling plans to further expand its Teavana chain. In the mobile space, Starbucks has plans to begin expanding its payments technology beyond its own family of stores.

Company believes that licensing its technology could help retailers engage mobile consumers more effectively

Starbucks CEO Howard Schultz notes that the company has managed to establish a very powerful position in the mobile commerce sector. The company has managed to succeed with mobile payments where others have failed. Many retailers have been struggling to engage mobile consumers through new commerce channels, but none have yet managed to have the impact that both Starbucks and Square have had. Starbucks may be in a position to assist retailers by licensing off its mobile payments technology.

Starbucks generates $1 billion from mobile payments in 2013

Mobile Payments Technology Licensed to other Retailers Since partnering with Square in 2011, Starbucks has seen a 14% increase in mobile payments throughout its stores in the U.S. In 2013, it was estimated that the company generated more than $1 billion in revenue just from mobile transactions. Nearly 10 million customers have downloaded the company’s mobile commerce application, with 8 million people taking advantage of the loyalty rewards being offered by the application. In licensing its technology to other companies, Starbucks may be able to help retailers engage mobile consumers more effectively.

Starbucks is likely to continue seeing success in the mobile field by addressing consumer concerns

Starbucks has managed to avoid some of the pitfalls that exist in the mobile commerce sector thanks to its partnership with Square. Security and efficiency are two issues that many consumers have problems with when it comes to mobile payments. Starbucks has managed to address these issues quite effectively, providing consumers with a comprehensive service that provides them with more convenience.

Tencent shows support for mobile commerce retailer Maimaibao

BWild | March 24, 2014

Retailer finds success by engaging with mobile consumers in non-metropolitan areas

Maimaibao, a Chinese online retail firm, has announced that it has received funding from several large organizations within China, including Tencent. The amount of funding the firm has received has not yet been revealed, but speculation suggests that it is somewhere around the $100 million mark. Maimmaibao has attracted attention for not being a typical online retailer. Instead of targeting consumers in large cities, it focuses on non-metropolitan areas where Internet access is not necessarily reliable. Notably, the firm has seen a great deal of mobile activity in these parts of China.

Feature phones can also participate in mobile shopping, even without access to a fast Internet network

The retailer manages to engage consumers where Internet access is lacking through its mobile website. This website is particularly accommodating to feature phones that only have access to 2G wireless networks. Many Chinese consumers that have these types of mobile devices live and work in places where they do not have access to a PC, making their phones a valuable shopping tool. Maimaibao has managed to find significant success in making itself open to these consumers, and this has attracted the attention of Tencent.

Tencent continues to fight for dominance in the mobile commerce space

Mobile Commerce Support Tencent is one of China’s largest Internet organizations and it has begun to focus quite heavily on mobile commerce. Tencent is working to establish a dominant presence in the mobile commerce space through its WeChat application and various other ventures. The company is currently clashing with Alibaba, which has also begun working to engage mobile consumers more aggressively in recent months. Tencent may be able to achieve its goals of mobile dominance by aligning itself with Maimaibao.

Maimaibao aims to develop new smartphone for its primary demographic in China

Maimaibao will use the funding it has received to develop a new smartphone under its Big Q brand name. This mobile device is meant to provide the company’s chief demographic — those living in non-metropolitan areas of China — with a mobile device that has more capabilities than typical feature phones.