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"As the largest retail mobile payment platform in the U.S., we're excited and proud to accept payments with Square, " said Howard Schultz, Starbucks chairman, president and ceo.
ENGADGET: Starbucks switches to Square for payments, invests $25 million and will support Pay with Square
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This represents 19% of global e-Commerce and just 2% of global commerce, leaving generous room for upside. eBay itself is becoming a formidable third-party reseller or marketplace ala Amazon in its own right. eBay has moved beyond a person-to-person auction site to become a formidable marketplace and mobile payment platform. eBay has appreciated from its IPO over 7, 000%.
FORBES: Importance of Being a Platform (Apple, LinkedIn, Amazon, eBay, Google, Facebook)
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American Express and Verizon Wireless today announced they will integrate Serve, a next-generation digital payment and commerce platform, on many Verizon mobile phones and tablets.
ENGADGET: Verizon Wireless to tie American Express' Serve into mobile numbers, keep your credit card holstered
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Google Wallet is the first mobile payments service to really show promise in adding capabilities like the above on top of a base payment platform by bringing their ecosystem of local services like Google Places and Offers into the fold.
FORBES: The Value Of Mobile Payments Is Beyond Transactions
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Businesses are being launched on the mobile platform to provide a wide range of services from medical advice and diagnosis, to pharmaceutical authentication, to payment and finance systems.
FORBES: Two Technologies Propelling India Forward