Apple Has Announced The Launch of 'Tap to Pay' For Merchants
Niko Pajkovic — February 10, 2022 — Business
References: apple & retaildive
Apple has announced that it will be introducing 'Tap to Pay' on iPhone, enabling millions of merchants throughout the United States to use their handheld devices to seamlessly and securely accept payments. The new feature will include payments in form of Apply Pay, contactless debit and credit cards, or other digital payment wallets.
The new 'Tap to Pay' feature for merchants can be integrated into iOS apps by developers and does not require any additional hardware for users to operate. This means that merchants will be able to use their iPhones to efficiently accept payments from customers.
“As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet.
Image Credit: Apple
The new 'Tap to Pay' feature for merchants can be integrated into iOS apps by developers and does not require any additional hardware for users to operate. This means that merchants will be able to use their iPhones to efficiently accept payments from customers.
“As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet.
Image Credit: Apple
Trend Themes
1. Contactless Payments - Apple's new 'Tap to Pay' feature will allow millions of merchants to accept contactless payments using their iPhones, highlighting the continuation of contactless payment trends.
2. Mobile Payment Integration - Developers can integrate the new 'Tap to Pay' feature into iOS apps without requiring additional hardware for users, increasing the trend towards greater mobile payment integration.
3. Seamless Transactions - The new 'Tap to Pay' feature on iPhone will enable merchants to accept contactless payments seamlessly, highlighting the trend towards creating more convenient checkout experiences.
Industry Implications
1. Retail - The 'Tap to Pay' feature will greatly benefit retailers, enabling them to accept digital and contactless payments securely and seamlessly.
2. Financial Services - The increased trend towards contactless and mobile payments provides an opportunity for the financial services industry to further improve and innovate their payment offerings.
3. Technology - Apple's innovation highlights the increasing trend towards using mobile devices for payment acceptance, with further opportunities for technological advancements in the industry.
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