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The update to Starbuck’s mobile payment volume was made during a recent call with analysts to discuss the company’s fiscal second quarter financial results.
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While overall mobile payment adoption is moving slowly, this is not the experience for Starbucks, which continues to experience significant growth in the number of customers using smartphones to complete a purchase.
Every week, Starbucks is seeing close to four million mobile payment transactions, up from two million near the end of last year and three million a month ago. Additionally, mobile now accounts for approximately 10 percent of Starbuck’s total U.S. Tender.
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