If you operate a small business, you probably already know the growing importance of accepting mobile payments.
Research suggests mobile payments could reach $90 billion annually by 2017, and that’s not just in businesses like retail.
McDonald’s Leads a Mobile Payment Trend
News that fast food giant McDonald’s is exploring mobile payment options is a good indication of this. The company is testing a mobile order and payment system in restaurants in Salt Lake City and Austin, Bloomberg reports. A TV commercial promoting the new service appears below.
The fast food company, which also includes many franchises, is not alone in offering mobile services. Chain restaurant Chipotle Mexican Grill Inc. offers a mobile app.
And, of course, now some can even order their morning cup of coffee via a mobile device. In fact, Starbucks recently saw a 10 percent jump in its U.S. mobile sales contributing to the best quarter in the chain’s 42 year history.
Consider Offering Mobile Payments
Sources say McDonald’s is exploring mobile as a way to boost sales after seeing disappointing numbers in August. Offering mobile payments can be one way to boost sales by giving customers even more payment choices.
Read more about your options for accepting mobile payments at Small Business Trends.
McDonald’s Photo via Shutterstock