You can be on Entrepreneur’s cover!

Apple Pay Is Coming to Starbucks, Chili's, KFC Apple's VP made the announcement on Thursday.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

Starbucks Corp coffee shops will begin accepting Apple Inc's mobile payment system in a pilot program starting this year, Apple Vice President Jennifer Bailey said on Thursday.

KFC and Chili's restaurants also will begin accepting Apple Pay in 2016, she said at the Re/code technology conference in Half Moon Bay, California.

The service gives Apple a chance to tie customers more tightly to its phones and its smart watch, as well as to take a tiny bite from every retail transaction.

Apple launched the payment service a year ago and has claimed 2015 would be the "year of Apple Pay" as it aggressively courts retailers.

But interviews by Reuters with analysts, merchants and others have suggested that Apple's forecast may have been too optimistic and that many retailers remain skeptical about the payment system.

Customer demand for mobile wallets has been slow, and analysts agree that they remain a tiny percentage of U.S. retail transactions.

Brinker International owns the Chili's restaurant brand, while KFC is operated by Yum! Brands.

(Reporting by Julia Love, writing by Noel Randewich; Editing by Christian Plumb, Alan Crosby and Dan Grebler)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Living

Get Your Business a One-Year Sam's Club Membership for Just $14

Shop for office essentials, lunch for the team, appliances, electronics, and more.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.