News

Your iPhone will soon be able to accept credit cards and work as payment terminal

Jan 27, 2022

Your iPhone will soon be able to accept credit cards and work as payment terminal

The rumor: Apple is preparing to ship a new feature that will turn your iPhone into a payment terminal, according to Mark Gurman (87% accurate, via Bloomberg).


  • When the new feature ships later this year, you’ll be able to use the NFC functionality on your iPhone to accept payments from NFC-enabled credit cards…essentially replacing traditional point-of-sale (POS) or payment terminals (pictured above)
  • The new feature could be included in iOS 15.4, which is expected to launch in beta soon

Our take: This is…kind of an insanely big deal? I’m surprised I haven’t seen more folks lose their minds over the fact that, within a few months, someone will be able to tap their credit card on the back of your phone and pay you for something…with no additional hardware. I’m calling it now: when this ships, it will be incredibly detrimental for the likes of Square and Shopify.