Mobile and one-click payments driving consumer payments change: WePay's Week In Payments
Lots of consumer news in the payments industry this week with announcements about a shift in emphasis to mobile payments by consumer industry bellwethers McDonalds and Starbucks. At the same time there is also significant news in mobile payments from Australia and Apple, plus Facebook made a significant announcement about accepting payments within its platform.
First, here’s a great opinion piece from PaymentEye on the one-click consumer and how consumer attitudes to paying for things are shifting globally. This quote sums up that shift in attitude, “there’s now this expectation that buying is something we do on our terms – how, when, where and in whatever format we like.”
With that piece and shift in attitude in mind, perhaps it is not so surprising that Starbucks is considering opening dedicated mobile-only order and pay stores. Not to be outdone, McDonalds is planning mobile ordering and curbside pickup and this piece from Mobile Payments Today looks at the challenges it will face.
The importance of mobile and smartphone technology to payments hasn’t gone unnoticed by the traditional banking industry. In Australia, four major banks sued Apple on anti-competitive grounds to try to gain access to Apple Pay technology for their own apps. They failed, according to the BBC.
Facebook is expanding its footprint in payments to support crowdfunding for personal causes by enabling crowdfunding donations directly on Facebook without having to leave the platform, according to PYMNTS.com.
Another good article in the payment space this week was a piece on the need for partnership in payments from respected investment site, The Motley Fool.