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Licensing its mobile-payments system may be on Starbucks’ menu

Mobile payments in the U.S are expected to grow to $90 Bn by 2017 from around $13 Bn in 2012, according to forecasts from Forrester. Since introducing mobile payment features in 2011, Starbucks has seen mobile payments increasing to 14% of its in-store transactions in the U.S., up from more than 11% in January 2014, said the company. Now Starbucks plans to explore options for leveraging their mobile-payment technology sector outside of its own chain of tea shops and cafes.

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