The news: Later this year, your iPhone will be able to accept credit cards and transform into a mobile payment terminal…with no additional hardware.
- Apple has announced Tap to Pay on iPhone, which works with Apple Pay, contactless credit cards and “other digital wallets” to natively accept payments on-device
- Powering the experience initially will be payment processors Stripe or Shopify Point of Sale
- Tap to Pay on iPhone will be available on iPhone XS or later
Our take: Great scoop from Mark Gurman on this a few weeks ago. As I said before, this is game-changing. Anyone with a recent iPhone will now be able to, overnight, accept payments from essentially anyone privately and securely. I love the