• btc = $62 445.00 - 735.59 (-1.16 %)

  • eth = $2 446.75 0.48 (0.02 %)

  • ton = $5.22 -0.05 (-0.99 %)

  • btc = $62 445.00 - 735.59 (-1.16 %)

  • eth = $2 446.75 0.48 (0.02 %)

  • ton = $5.22 -0.05 (-0.99 %)

16 May, 2022
1 min time to read

In February, Apple announced a new 'Tap to Pay on iPhone' feature that will allow compatible iPhones to accept contactless payments.

As it turns out, Apple has already tried out the feature at its Apple Park Visitor Centre in Cupertino, California. As shown in the video, Tap to Pay allows a retail employee to accept an Apple Pay contactless payment from a customer using only an iPhone.

After launching this feature in the USA later this year, merchants will also be able to accept payments using contactless credit and debit cards, as well as other digital wallets, without the additional equipment, other than an NFC-enabled iPhone, needed to process the payment.

It's worth saying that merchants are now forced to use additional hardware, such as the Square Reader, which comes in a variety of models that work wirelessly or plug into the Lightning connector or headphone jack of the iPhone in order to accept contactless payments on the iPhone.

As for Apple's partners, initially it was Stripe, but now Apple has expanded its partnership to include Dutch payment processor Adyen.