The tech giant from Cupertino stated that this new feature will debut in the United States later this year and enable merchants to accept contactless NFC payments through supported iOS apps on iPhone XS and above. Merchants only need to prompt customers to hold their iPhone or Apple Watch, contactless credit or debit cards, or other e-wallets near the merchant's iPhone for the payment to be securely completed using NFC technology.
Tap To Pay feature on iPhone enables contactless NFC payments
Stripe will be the first payment platform to provide Tap to Pay feature for their business customers, including the Shopify Point of Sale app launching this spring and additional payment platforms and apps set to launch later this year. Additionally, Apple Store US will also roll out this feature later this year.
Unlike previous contactless payment methods on iPhone that required additional hardware like Square Reader, Tap to Pay on iPhone doesn't require any additional hardware.
It's unclear whether this new feature will be implemented for users in countries other than the US.
