Dec 11, 2017

Question of the Day: What percent of Starbucks transactions come from mobile phones?

Answer: 30%

From Visual Capitalist

Here's another fun fact: Starbucks has over $1.2 billion in deposits loaded on Starbucks cards (from MarketWatch), more than many banks:

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Here are ready-to-use Question of the Day slides to use in your classroom. 

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Questions for students:

  • Have you ever used your mobile phone to make payments? Describe the transactions you have made.
  • What are the advantage of using your mobile phone for payments?
  • Do you think it's easier to spend more money making mobile payments, using your debit card or using cash?  Explain your answer.
  • What payment method are you using most these days? Why?

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Let your students noodle over the best payment method to use in various situations in this NGPF Project: Payment Decisions

 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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