Unlike other smartphone makers, Apple is known for providing regular and timely updates to all their devices like iPhones, iPads, Macs and others. Similarly, their updates regularly bring various bug fixes and feature updates for all supported devices. As a result, there are many people eagerly waiting for various Apple events and announcements. And, on 8^th February, 2022 Apple announced one of the best iPhone feature update till date. It’s called “Tap to Pay”. Ans, in this article we’ll discuss everything that you should know about it.

What is Tap to Pay?

For the most part, “Tap to Pay” itself isn’t a new feature and android devices had it for a long time. Basically, it allows secure contactless payments between supported devices and various checkout terminals. Here, the service works using Near Field Communication technology (NFC) to connect with other NFC enabled devices like mobiles, wearable’s and payment terminals. In other words, the payment is completed through the use of Encrypted data which is transmitted through radio waves to another compatible device. However, both devices should be near to each other for “Tap to Pay” to work.

Tap to Pay Features in iPhones

On 8^th February 2022, Apple announced that the feature will launch in the US later this year. Also, it announced that the feature will work on devices like the iPhone XS and all the later models. This is great news for millions of merchants across US as they can now accept payments through a simple tap on their iPhones. Here, the “Tap to Pay” feature is very convenient to use and says that the Customers data is well protected and all payments are encrypted as well. Additionally, the company also stated that it wouldn’t collect and store any data regarding the customer or the goods purchased.

Finally, this feature is available for all payment platforms and app developers to integrate into their own iOS apps. Apple plans to provide “Tap to Pay” on i-devices to all participating payment partners and their developers on an impending iOS software beta. Similarly, Stripe and Shopify Point of Sale apps the first ones to offer this feature to their customers while other apps will follow them later this year.

Stripe’s chief business officer, Billy Alvarado quotes, “Whether you’re a salesperson at an internet-first retailer or an individual entrepreneur, you can soon accept contactless payments on a device that’s already in your pocket: your iPhone.”

Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, in a statement 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. Also to unlock new checkout experiences using the power, security, and convenience of iPhone.”