The great mobile payment revolution is finally underway – albeit in a form that no one predicted in 2014 when the hype was really building. Mobile apps powered by payments are now how customers fuel and caffeinate themselves daily on the go, as well as buy their groceries and clothes and any other standard need. The mobile payments-powered economy even helps customers get rid of what they no longer need – and make money on the deal. Consumers, as it turned out, didn’t need a new payment form factor; they needed new ways to shop that only mobile could enable.
100 million: The number of downloads letgo boasts over the last three years.
65 percent: The amount letgo’s monthly user base has increased since the beginning of the year.
40 percent: Amount Walmart’s eCommerce sales increased during Q2.
13 percent: Share of Starbucks transactions that come through Starbucks Order & Pay.
10.3 percent: The share of pizza ordering activity on the Domino’s app that happens at 6 p.m.