Apple's Tap to Pay enters beta trials

Wednesday 27 April 2022 08:41 CET | News

Apple has started beta testing for its Tap to Pay feature in a bid to increase the use of the iPhone as a full payments platform.

The potential extensions within Apple’s wallet allow a portfolio that varies from servicing merchants with Tap to Pay to serving unbanked consumers through Apple Pay, and adding possible extensions to BNPL opportunities.

Computerworld noted the possibility of the full-service opportunity because activity around the payments side of Apple’s business appears to be intensifying just over three years since Apple launched Apple Card. The company sees an increased opportunity as the payment sector transforms into a digital and frictionless experience.

In the near-term, the company looks for additional support for Tap to Pay, beyond already announced plans from Adyen and Stripe to help Apple build share among merchants. Computerworld added that once an iPhone becomes one’s passport and driving licence, it could also become a trusted point for additional payment and identity services.

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Keywords: Apple, Tap-to-Pay, product upgrade, Adyen, Stripe, mobile payments, digital payments
Categories: Payments & Commerce
Companies: Apple
Countries: World
This article is part of category

Payments & Commerce


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