In theory, cashless stores may reduce friction at checkout, which is often caused by long lines.
Starbucks, for example, continues its cash-free pilot in its downtown Seattle store, and the company recently expanded the program to select stores in South Korea, where mobile payments are more prevalent. Though cash is accepted by the majority of its footprint, many who frequent Starbucks have grown accustomed to cashless payments and mobile ordering through the coffee chain’s loyalty app.
Mobile payments haven't hit the mainstream yet, but use is bound to grow as more retailers explore a cash-free approach.
We forecast that the number of proximity mobile payment users in the US will reach 55.0 million this year. By 2019, that number is expected to increase to 61.6 million.