Apple announced plans Tuesday to introduce contactless payments through its iPhone with a new feature called Tap to Pay.
The new capability will provide millions of merchants across the US to use iPhones to seamlessly and securely accept Apple Pay, contactless credit and debit cards and other digital wallets through a simple tap of the iPhone, the company said in a statement.
The feature will not need additional hardware or a payment terminal.
Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to customers, it said.
Additional payment platforms and apps will follow later this year, while the capability will work on an iPhone XS or later device.
The financial services and software service company Stripe will be the first payment platform to offer Tap to Pay on iPhone, it said.
“As more and more consumers are tapping 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 checkout experiences using the power, security, and convenience of iPhone,” Apple’s vice president of Apple Pay and Apple Wallet Jennifer Bailey said in the statement.
Apple Pay is accepted at more than 90% of US retailers, it noted.
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