Coffee giant Starbucks has indicated that cash may soon go the way of yesterday’s soggy grounds. Joining the growing list of major retailers in Asia accepting contactless transactions, the company has announced it will accept Visa payWave at its South Korean locations.
To explain the move, representatives of Starbucks and Visa point to the convenience faster transactions – their average cash transaction takes 12 to 14 seconds, compared to as little as four to six a Visa payWave payment – offers their customers.
“Technology is meant to better our lives and the less time customers spend in queues, the more time they have to enjoy their cup of coffee,” Kim Young Chong, South Korea country manager for Visa Korea said.
Customer will be allowed to make purchases of up to KRW 30,000 via the payWave system.