Apple ‘Tap to Pay’ expands contactless payment options for retailers

Starting later this year, US retailers will be able to accept contactless payments from customers on their Apple iPhones through its new Tap to Pay feature. Consumers will be able to use their credit and debit cards, Apple Pay or other digital wallets to purchase items, with no additional point-of-sale hardware or payment terminal required to complete transactions.

Tap to Pay on iPhone will be available to participating payment platforms and their app developer partners to leverage software development kits (SDKs) in an upcoming iOS software beta. Stripe will be the first payment platform to offer the service to business customers, including the Shopify Point of Sale app this spring. Other payment platforms and apps will follow later in 2022, according to the company.

“Whether you’re a seller at an online retailer or an individual entrepreneur, you’ll soon be able to accept contactless payments on a device that’s already in your pocket: your iPhone,” Stripe Chief Commercial Officer Billy Alvarado said in a statement. “With Tap to Pay on iPhone, millions of businesses using Stripe can improve their in-person commerce experience by providing customers with fast and secure payment.”

Retailers will be able to accept contactless payments through a compatible iOS app on an iPhone XS or later device. Customers wishing to use Apple Pay will touch their iPhone or Apple Watch to the merchant’s iPhone; for other payment types, customers will use contactless credit or debit cards or other digital wallets on the iPhone, and payment will be made securely using NFC technology.

“As more consumers use 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 experiences. using the power, security and convenience of iPhone, Jennifer Bailey, vice president of Apple Pay and Apple Wallet, said in a statement.

“The popularity of payment methods such as digital wallets has increased dramatically in recent years, with 27% of consumers today in the United States pay with a digital wallet, up from 22% in 2019,” said Andrew Edem, global chief innovation officer at payment solutions provider PPRO in comments provided to Retail Touch Points. “It’s crucial that retailers are equipped with the right technology and infrastructure to not only enable these payment methods, but also create seamless user experiences that make shopping easier for consumers, wherever they are.”

About Matthew R. Dailey

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