Latest news with #TapToPay
Coin Geek
03-06-2025
- Business
- Coin Geek
Apple expands 'Tap to Pay' functionality in Europe
Getting your Trinity Audio player ready... As the race for point-of-sale solutions heats up, Apple (NASDAQ: AAPL) is keen on seizing market share by extending its 'Tap to pay' capability to new European countries. According to a company statement, Apple's contactless payment functionality will be available in eight more European nations. Per the report, merchants in Belgium, Croatia, Denmark, Cyprus, Iceland, Greece, Malta, and Luxembourg will have access to the feature. The Tap to Pay feature will allow merchants to receive customer payments by tapping cards or digital wallets on the merchants' iPhones. Apple says the contactless payment feature will lean on near-field communication (NFC) technology without additional hardware. 'No additional hardware is needed, so merchants can accept payments from wherever they do business,' read the statement. Apple is collaborating with payment service providers and app developers to extend the reach of the Tap to Pay functionality. Fintech firms in the new regions can integrate the Tap to Pay feature in the iOS versions of their apps, improving the ability of merchants to receive payments. Several payment platforms across the eight new EU countries have supported the Tap to Pay feature. Global payment processing company Adyen will support the Tap to Pay feature in all countries except Greece, with European neobank Viva making an expansive presence in the list. Other worthy mentions include Revolut, Stripe, and Worldline, with Apple confirming that PayPal (NASDAQ: PYPL) and NBG Pay will offer support. Furthermore, the statement notes that contactless cards from leading payment networks like Mastercard (NASDAQ: MA) and Visa (NASDAQ: V) will be compatible with the Tap to Pay feature. However, Apple does not mention stablecoins or digital asset payments for the Tap to Pay feature. Apple has been throwing its weight behind NFC payments, famously extending its proprietary feature to third parties in the EU. Tap to Pay functionality race heats up Apple faces stiff competition from other technology giants in the race for contactless payments. Samsung (NASDAQ: SSNLF) has unveiled its Tap to Pay capabilities for digital wallets, supporting Samsung devices and cards that are not assigned to digital wallets. Google Wallet (NASDAQ: GOOGL) has joined the race with a contactless payment offering for kids, extending the scope to wearable tech like smartwatches. Rising contactless payments are tipped to contribute toward the anticipated $3 trillion in U.S. digital payment volume in 2025. Digital wallet adoption in Australia surges to a new all-time high Elsewhere, while Australia's local payment system is one of the most advanced in the world, new data indicates that digital wallet adoption is on the rise. GlobalData reported that digital wallet usage in Australia has surged to a new peak, growing by 32.2% over the last year. Per GlobalData's Payment Instrument Analytics, the total transaction volumes from digital wallets in Australia rose from AUD 126 billion (US$83.2 billion) to AUD 166 billion (US$110 billion). The spike in digital wallet adoption in Australia is not a flash in the pan but a combination of several key factors. GlobalData lead banking analyst Shivani Gupta revealed that the main factor is changing consumer behavior, with mobile-based payments reaching a peak. Furthermore, digital wallet service providers have been increasing their market share in Australia since 2020. Currently, Google, Apple, and Samsung are jostling for market share, luring consumers and merchants with advanced functionalities. For example, Gupta cites Google Wallet's dual network debit card feature, which is designed to support payments via local and international networks. Others are turning to contactless payment functionalities, with Apple and Samsung gaining traction with their Tap to Pay features. Digital wallets are onboarding millions of Australians with the additional functionality of QR codes and stablecoin functionalities, streamlining payments for consumers and merchants in the country. 'Like many markets in Asia Pacific, digital wallet adoption is on the rise in Australia, supported by rising consumer preference for mobile payments, and [the] proliferation of digital wallet brands such as Google Pay, Apple Pay, and Samsung Pay,' said Gupta. These factors have sent digital wallet metrics in Australia through the roof. According to the Reserve Bank of Australia (RBA), nearly 40% of all card transactions in the country are processed through digital wallets. Per the report, the trend is tipped to continue well beyond 2030 at a compound annual growth rate (CAGR) of 13.7%. The forecast predicts digital wallet transaction volumes to reach AUD 336.1 billion (US$221 billion) by 2030. Rising adoption rates across the Asia Pacific The Asia Pacific is the fastest-growing region for digital wallet adoption globally, led by China and India. However, Hong Kong and Singapore are contributing to the soaring metrics with a report tipping digital wallets to surpass credit card use in Hong Kong. Across the region, cash usage has fallen, fuelled by meteoric digital wallet adoption levels. While the private sector is leading the charge, governments are leveraging digital wallets in the region to disburse funds to citizens, pushing the functionality beyond payments. Watch: New age of payment solutions title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Finextra
29-05-2025
- Business
- Finextra
NMI rolls out Tap to Pay on iPhones in US
NMI®, a global leader in embedded payments infrastructure, now enables its U.S. customers to seamlessly and securely accept in-person, contactless payments with Tap to Pay on iPhone. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay and other digital wallets, using only an iPhone and a supporting iOS app — no additional hardware or payment terminal needed. Using Tap to Pay on iPhone is easy, secure and private. With Tap to Pay on iPhone, at checkout, merchants simply prompt the customer to hold their contactless payment method near the merchant's iPhone, and the payment is securely completed using NFC technology. Apple's Tap to Pay on iPhone technology uses the built-in features of iPhone to help protect business and customer data. Apple doesn't store card numbers on Apple servers, so merchants and customers can rest assured that their data stays theirs.* NMI now offers two quick and easy options for enabling Tap to Pay on iPhone: NMI Tap to Pay iOS SDK empowers SaaS developers and fintech providers to embed Tap to Pay capabilities directly into their own iOS applications creating one seamless payment experience. The Cloud Commerce iOS app, powered by Mastercard's Cloud Commerce solution (available soon on the Apple App Store), enables small businesses to quickly start accepting payments with just an iPhone, no new hardware required. NMI's partners have the flexibility to either embed Tap to Pay on iPhone directly into their own apps using NMI's iOS SDK, or provide merchants an out-of-the-box solution with the Commerce Cloud iOS app. In both cases, merchants can start accepting contactless payments within minutes on an iPhone XS or later, running the latest version of iOS. Morné Botha, CEO at Jondosports USA, said: 'Demo days just became a whole lot easier. We frequently host demo days at golf clubs, and processing payments from golfers used to be quite a hassle. However, with [NMI partner] Paysley's app and Tap to Pay on iPhone, we can now complete sales and accept payments right on the spot—it's truly a game changer. Golfers love the convenience. It's quick, easy and helps keep everything running smoothly.' Tiffany Johnson, Chief Product Officer at NMI, said: 'At NMI, we are committed to democratizing payment acceptance. Tap to Pay on iPhone is the next wave of payment innovation: mobile-first, free of additional payment hardware and built for scale. With our low-code SDK and no-code Commerce Cloud app options, we are giving businesses of all sizes—from enterprise platforms to mom-and-pop shops—a fast, flexible way to accept secure, contactless payments and deliver seamless checkout experiences everywhere they do business.' Seema Chibber, Executive Vice President, Core Payments, Mastercard, North America, said: 'The future of commerce is rooted in checkout solutions that are convenient, frictionless and secure. By combining Tap to Pay on iPhone with Mastercard's Cloud Commerce technology and NMI's advanced payments infrastructure, we are removing last-mile barriers for businesses, enabling seamless in-person transactions. This is particularly crucial for small businesses seeking tools to thrive in today's digital era. With this contactless solution, we are driving greater acceptance across physical locations and offering more choice and flexibility for merchants and consumers alike.' Chris Roets, Founder and General Manager, Paysley, said: 'The integration of the NMI Tap to Pay iOS SDK marks a major step forward in our mission to empower merchants with smarter payment tools. It unlocks fast, secure mobile payments and gives businesses the flexibility to accept transactions anywhere, without being tied to traditional hardware."
FF News
28-05-2025
- Business
- FF News
Adyen Enables Tap to Pay on iPhone in Seven Additional European Markets
Adyen , the global financial technology platform of choice for leading businesses, has officially enabled Tap to Pay on iPhone in seven new markets: Belgium, Croatia, Cyprus, Denmark, Iceland, Luxembourg, and Malta. The functionality allows businesses such as Suitsupply, an international men's fashion brand with more than 100 stores worldwide, to enable iPhones to accept contactless payments without the need to purchase or manage additional hardware. By expanding Tap to Pay on iPhone to new markets, Adyen continues to provide best in class solutions for in-person payments. 'With Tap to Pay on iPhone, we're enabling a secure, scalable and smooth payment process for merchants and their customers that enhances the shopping experience, rather than interrupting it,' said Alexa von Bismarck, President EMEA at Adyen. ' The in-store experience remains a key touchpoint between consumers and brands, so we're proud to be expanding this offering to even more countries today in partnership with Apple'. 'Tap to Pay on iPhone has been a key component in delivering a best-in-class checkout experience for our customers,' said Valentijn Bolle, IT Product Owner at Suitsupply. 'We've already implemented Tap to Pay on iPhone in every available country, equipping more than 2000 Style Advisors with their own personal device for this purpose. Together with Adyen, we're looking forward to providing this seamless, flexible and efficient payment experience to even more customers across the globe.' Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and a supporting iOS app — no additional hardware or payment terminal needed. Using an iPhone XS or later, running the latest version of iOS, at checkout, merchants will simply prompt the customer to hold their contactless payment method near the merchant's iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone will enable Adyen's customers to stay at the forefront of innovation by: Simplifying in-person payments by removing the dependence on payment hardware to accept transactions, providing a complementary way to accept payments for line-busting. Getting up and running quickly with installation and onboarding, allowing businesses to scale up their payment operation. Providing safe and fast checkout experiences that increase mobility on location. Allowing for a convenient and secure way to pay for customers since transactions are encrypted and payment data is protected by the same technology that makes Apple Pay private and secure. Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple does not store card numbers or transaction information on the device or on Apple servers. To learn more, visit here . Companies In This Post Adyen
Finextra
27-05-2025
- Business
- Finextra
Adyen enables Tap-to-Pay on iPhone in seven new European markets
Adyen, the global financial technology platform of choice for leading businesses, has officially enabled Tap to Pay on iPhone in seven new markets: Belgium, Croatia, Cyprus, Denmark, Iceland, Luxembourg, and Malta. 0 The functionality allows businesses such as Suitsupply, an international men's fashion brand with more than 100 stores worldwide, to enable iPhones to accept contactless payments without the need to purchase or manage additional hardware. By expanding Tap to Pay on iPhone to new markets, Adyen continues to provide best in class solutions for in-person payments. 'With Tap to Pay on iPhone, we're enabling a secure, scalable and smooth payment process for merchants and their customers that enhances the shopping experience, rather than interrupting it,' said Alexa von Bismarck, President EMEA at Adyen. 'The in-store experience remains a key touchpoint between consumers and brands, so we're proud to be expanding this offering to even more countries today in partnership with Apple'. 'Tap to Pay on iPhone has been a key component in delivering a best-in-class checkout experience for our customers,' said Valentijn Bolle, IT Product Owner at Suitsupply. 'We've already implemented Tap to Pay on iPhone in every available country, equipping more than 2000 Style Advisors with their own personal device for this purpose. Together with Adyen, we're looking forward to providing this seamless, flexible and efficient payment experience to even more customers across the globe.' Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and a supporting iOS app — no additional hardware or payment terminal needed. Using an iPhone XS or later, running the latest version of iOS, at checkout, merchants will simply prompt the customer to hold their contactless payment method near the merchant's iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone will enable Adyen's customers to stay at the forefront of innovation by: Simplifying in-person payments by removing the dependence on payment hardware to accept transactions, providing a complementary way to accept payments for line-busting. Getting up and running quickly with installation and onboarding, allowing businesses to scale up their payment operation. Providing safe and fast checkout experiences that increase mobility on location. Allowing for a convenient and secure way to pay for customers since transactions are encrypted and payment data is protected by the same technology that makes Apple Pay private and secure. Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple does not store card numbers or transaction information on the device or on Apple servers.
