Ideas
Explore the world's #1 largest database of ideas and innovations, with 477,023 inspiring examples.
Trend Reports
Discover why 1,284 brands rely on our AI-powered Trend Reports to get better, faster insights.
Newsletter
Join 107,810 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Consumer Insights
Uncover major shifts and emerging opportunities with our exclusive PRO research.
Trend Reports
Discover why 1,284 brands rely on our AI-powered Trend Reports to get better, faster insights.
Newsletter
Join 107,810 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Advisory & Services
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Trend Reports
Get fast, customized trend reports, presentations and deep dives 20x faster than traditional research.
Plans
Get started today with a free consultation, our self-serve tools, or a dedicated program.
Articles & Magazine
Get inspired with our 4,232 innovation strategy articles, keynote, videos and innovation tools.
Innovation Awards
Trend Hunter’s Innovation Strategy Awards recognize the best innovation tactics gathered from our interviews with some of the world's most notable business leaders, authors and change makers.
Advisory & Services
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Innovation Assessment
Enhance your innovation potential with a deeper understanding of your unique innovation archetype and how your organization benchmarks.
FuturistU
Prepare for the years ahead with 100+ lessons, tactics, tools and frameworks with our full learning database.
Innovation Books
Join 20,000,000 people getting better and faster with our New York Times Bestselling books and keynote videos.
Jeremy Gutsche
Ignite your event or virtual event with our CEO, a NY Times Bestselling Author and one of the top innovation keynote speakers.
Our Team of Speakers & Virtual Presenters
Inspire your group with our most popular speakers on innovation, trends, change and futurism.
Custom Training & Events
Bring the Future Festival experience directly to your team or co-hosted custom event.
Custom Masterclasses
Join the world's leading brands who leverage our custom programs to accelerate innovation.
FuturistU 5-Day Program
Become a Futurist with our immersive 5-Day program at Future Festival World Summit.
Online eLearning
Learn the fundamentals of futurism and trends with 100+ online courses about innovation.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Contact
Get in touch to learn more, ask a question or submit a tip.
About Us
Learn more about Trend Hunter and how we accelerate innovation.
Follow-Us
Join our 3,500,000 social media followers, on the cutting edge.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
FAQ
Get answers to common questions about Trend Hunter.
Community
Stay on the cutting-edge with the help of the Trend Hunter community.
Team
Meet the team trusted by hundreds of leading businesses worldwide.
Jobs
Find opportunities to accelerate your career with the #1 Trend Firm.
News
Catch up on noteworthy Trend Hunter news and media mentions.
Join
Build a portfolio and put your trend-spotting abilities to the test.
Advertising
Supercharge your marketing by partnering with Trend Hunter.
Portfolio
Visit your public portfolio and browse your past articles.
Add a Trend
Write up an article and showcase your trend-spotting skills.
My Trends
Edit your articles and see how they stack up on the leaderboards.
Settings
Edit your profile, connect your social media accounts, and more.
Add a trend, customize your dashboard, or track topics.
Future Festival
Innovation Events
Join the world's top innovators at our in person events.
Free Webinars
Learn to innovate through chaos, navigate the new normal and maintain work culture from home.
Custom Training & Events
Bring the Future Festival experience directly to your team or co-hosted custom event.
Search our database of 477,023 cutting edge ideas.

Cashless Coffee Chain Locations

Clean the Sky - Positive Eco Trends & Breakthroughs

Three Cash-Free Starbucks' are Opening in South Korea

— March 26, 2018 — Lifestyle
A cash-free Starbucks will be opening in South Korea following the success of a trial cashless coffee chain in Seattle.

This change will occur on April 23rd at three of the brand's busiest districts including including Gangnam and Guro in Seoul and Pangyo in Seongnam. This move arrives as the brand's response to a shift in consumer's spending habits, as more people opt to make payments from credit cards or mobile devices. This habit is more prevalent in the bustling areas of South Korea where the daily average credit card spending sky rocketed to $41.65 billion last year.

Starbucks South Korea also noted that cash payments are "constantly declining" at locations, making up only 7% of last year's purchases.


Image Credit: Starbucks
Trend Themes
1. Cashless Coffee Chains - The shift towards cashless payments provides an opportunity for coffee chains to streamline transactions and enhance the customer experience.
2. Mobile Payment Adoption - The rise of mobile payment adoption calls for coffee chains to explore innovative ways to integrate mobile payments into their business models and processes.
3. Data-driven Business Decisions - Cashless coffee chains can leverage customer data gathered through mobile payments to make informed business decisions and improve overall operations.
Industry Implications
1. Food and Beverage - The food and beverage industry must embrace technological advancements such as mobile payments to stay relevant and meet evolving consumer demands.
2. Financial Services - The shift towards cashless payments presents a growth opportunity for financial services companies to provide innovative solutions for mobile payments, particularly in the coffee shop industry.
3. Retail - Retailers can learn from the cashless coffee chain model and explore ways to implement mobile payments and streamline transactions to enhance the customer experience at their locations.
4.6
Score
Popularity
Activity
Freshness