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Apple unveils Tap to Pay that turns iPhones into contactless payment terminals

By Cookie Monster - on 9 Feb 2022, 1:11am

Apple unveils Tap to Pay that turns iPhones into contactless payment terminals

Image source: Apple

Apple just announced its plans to introduce Tap to Pay on the iPhone.

Available in the U.S at launch, Tap to Pay will enable merchants to use the iPhone to seamlessly and securely accept Apple Pay, contactless credit and debit cards, and other digital wallets without the need for additional hardware or payment terminal.

The feature was reported by Bloomberg more than a week ago, and is likely to use Mobeewave's technology, a startup that Apple acquired two years ago for US$100 million.

Tap to Pay will be available for payment platforms and app developers to integrate into their iOS apps, and offer as a payment option to their business customers.Stripe is the first payment platform to support Tap to Pay this spring with more payment platforms and apps to follow later this year. Apple Stores across the U.S will support Tap to Pay later this year.

Apple says Tap to Pay on iPhone will be available to participating payment platforms and app developer partners via SDKs in an upcoming iOS software beta. It will work on iPhone XS or later devices.

Source: Apple

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