Starbucks, KFC, And Chilli's Now Accepting Apple Pay

Apple announced this morning that Starbucks Corporation, Yum!’s KFC, and Brinker International’s Chili’s Bar & Grill will now all accept Apple Pay.  The announcement comes as Apple continues to make the push to be the leader in the valuable mobile payment industry, as competitors, such as Samsung are rolling out their own versions of mobile payments.  According to Nizar Assanie, the Vice President of Research at IEMR, “globally, we are expecting mobile payment revenue to rise from $47.2 billion in 2011 to $998.5 billion in 2016. Compound Annual Growth Rate (CAGR) from 2012 to 2016 will be 83.7%,” (mobiletransaction.org).  The…