Apple has recently launched its Tap to Pay on iPhone feature in Apple Stores across the US.
The new iPhone-to-iPhone Tap to Pay feature was first unveiled in February and lets iPhones that were compatible take payments through Apple Pay, contactless credit and debit card, or other digital wallets.
The feature has been tested at the Apple Park Visitor Center earlier in May. And now, Apple has started rolling out its new Tap to Pay on iPhone feature to Apple Store retail locations across the United States, allowing customers to try it out. Customers who visit Apple's retail locations can use their iPhones to make payments with Apple Pay, digital wallets or their contactless debit or credit cards.
As more and more consumers are tapping to pay with digital wallets and credit cards, the feature is expected to become available for businesses nationwide later this year. Tap to Pay on iPhone will provide millions of merchants across the US, from small businesses to large retail chains, with a secure and easy way to accept contactless payments and unlock new checkout experiences using the convenience of iPhone.
Once Tap to Pay on iPhone becomes available nationwide, iPhone users will only have to hold their phones or Apple Watch over the merchant's iPhone to complete their transactions. Unlike other digital payment systems, no additional hardware or terminals is needed to accept contactless payments through iPhone to iPhone. Tap to Pay provides on-screen payment confirmation for both parties once the transaction is complete, so businesses can accept payments from wherever they do business. According to the company's press release, users must have an iPhone XS device or newer to use the feature.
Stripe announced it would be the first payment platform to offer this option for its business customers. In April 2022, Dutch payment processing company Adyen was added to the list.
Tap to Pay on iPhone will proceed contactless credit and debit cards from the leading payment networks, including American Express, Discover, Mastercard, and Visa to make Tap to Pay seamless. Additionally, the company will work closely with app developers and payment processors across the payments and commerce industry to integrate this checkout feature to millions of merchants and points of sales.
While there is no specific timeline, there are plans to roll out Tap to Pay for iPhones nationwide to retailers within a year.