Earlier this month, Apple has announced a new feature for iPhone and make them a sale terminal. The service will be coming first to the US later this year with a beta software update and will come to other regions soon after.
The feature will support Apple Pay on both iPhone and Apple Watch, contactless credit and debit cards with an NFC contact point, and other digital wallets that support NFC paying. The feature will be coming to iPhone Xs users and above as the terminal and will work with leading networks such as American Express, Visa, Mastercard, and more.
Apple has revealed that the service will be available first on Stripe, and will later come to Shopify and other platforms. Both payment platforms and developers will be able to integrate the service into their apps and use it without any additional hardware. This feature will help a lot of businesses, from small shop owners to large retailers, and allow for secure payment with a unique ID generator with every transaction you make, wherever you do your business.
Apple Pay was first launched in 2014 and has been a revolutionary service for mobile payments. While the company is now facing some competition from other companies such as Samsung or Google, Apple Pay is still considered one of the industry standards for secure mobile transactions and digital wallets with its impressive security protocols.
As Apple Pay becomes more and more popular, the Tap-to-Pay option will make payment much easier and more accessible for many types of businesses. The option to use existing hardware without the need to buy and set up a payment terminal can help simplify the whole process for small or on-the-road businesses and is sure to be a popular use case in the industry.