A Huge Deal for Mobile Payments
Aug 13th 2012 5:00PM
Updated Aug 13th 2012 5:08PM
There's no doubt that the mobile payments trend has staying power, but there remains plenty of uncertainty around what the ecosystem will look like years down the road. After all, the competitors in the space are many, with each looking to capture the loyalty of consumers and merchants within their respective platforms. Last week, mobile payments player Square made big splash, announcing a deal with Starbucks that will see the former's technology deeply integrated into the coffee retailer's 7,000 U.S. stores. It's a big win for a company going up against a number of deep-pocketed competitors, and lends credence to the fact that mobile payments are a trend worth major attention. In the following video, analysts Brenton Flynn and Austin Smith discuss the announcement in more detail, and check out a few other companies looking to capitalize on the trend.
One such company might be Apple. As the most influential company in the mobile arena, Apple will undoubtedly play a major role in shaping mobile payments. However, there's bigger news on the horizon: the impending release of the iPhone 5. If you're looking for a recommendation on how to play Apple, along with continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details when to buy and sell Apple. To get started, just click here now.
The article A Huge Deal for Mobile Payments originally appeared on Fool.com.Austin Smith owns shares of Apple and eBay. Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Google, and Starbucks. Motley Fool newsletter services recommend Apple, eBay, Google, and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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