Apple announces contactless payment feature for iPhones

Deepak Gupta February 8, 2022
Updated 2022/02/08 at 7:25 PM

On January 17th, we published here on Connected world that apple would be developing a technology so that its iPhones turn into a card machine with just one update software. Today, the 8th, the Cupertino manufacturer confirmed on its official website that it is working on this new payment method. The novelty, called Tap to Payis focused on merchants and will be compatible with several digital wallets.

Tap to Pay on iPhone only with software update, but…

THE apple informed that, despite only needing to update the iOS to make the new functionality available in the smartphonesThe Tap to Pay will only work with the Latest iPhones, starting from the XS model. The company’s announcement does not mention any restrictions on Apple Watch. The technology won’t have much of a secret, it’s the NFC dear and practical ever. The big news is that shopkeepers will be able to use the iPhone as a card machine, which tends to reduce costs with this device. The customer will approach your iPhone, Apple Watch, Credit Card or debit close to the iPhone establishment to make the payment.

In addition to Apple PayThe Tap to Pay will be compatible with other digital payment methods. The first payment system that it will offer, replacing a card machine, to its commercial customers will be stripe. Other companies will be added during the year.

Confirmed rumor and beta release

This technology has been expected on the company’s devices since 2020, when the company acquired the payment startup mobeewave. At the time the company was working with Samsung to develop a payment feature for the Galaxy smartphonestogether they developed the Samsung POSwhich allowed using cell phones to receive payments made with NFC and technologies like Apple Pay, Samsung Pay and Google Pay.

THE Bloomberg published that the news will arrive in the next few years. THE apple did not disclose a specific release date, but communicated that — soon — payment platforms participating in the service and partner developers will have access to the functionality in the iOS beta.

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Via: GSM Arena Source: apple

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