The technology giant Apple has announced the launch of Tap to Pay via iPhones, providing new payment capability for business merchants, as new product of Apple Pay.
Apple has announced the launch of Tap to Pay in the US, a new capability that will enable millions of merchants and vendors in the North American market to use their iPhones to accept Apple Pay and contactless credit and debit cards from leading payment networks, including American Express, Discover, Mastercard, and Visa.
The move means all enterprises, from small businesses to retailers, will be able to use their devices to take payments via contactless credit and debit cards, and digital wallets through a simple tap to their iPhone.
Data suggests Tap to Pay on iPhone will be available for payment platforms and app developers to embed into their iOS apps providing an additional payment option to their business customers. Furthermore, Stripe will be the first payment platform to offer Tap to Pay on iPhone to their business customers, including the Shopify Point of Sale app this spring. Reports also suggest new payment platforms and apps linked to the service will follow later this year.
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