Latest news with #TaptoPay
Techday NZ
28-05-2025
- Business
- Techday NZ
Xero introduces Tap to Pay on iPhone for NZ small businesses
Xero has introduced Tap to Pay on iPhone for its customers in New Zealand with a Stripe account, allowing them to accept contactless payments directly through the Xero Accounting app with no additional hardware required. Tap to Pay on iPhone enables businesses in New Zealand to accept all contactless payment methods, including contactless credit and debit cards, Apple Pay, and other digital wallets, without the need for separate payment terminals. The service operates via the Xero Accounting iOS app, with transactions completed securely using Near Field Communication (NFC) technology. Merchants prompt customers to hold their iPhone, Apple Watch, or contactless card near the business's iPhone, where the payment is processed. Tap to Pay on iPhone also supports the entry of PINs, which includes accessibility options for customers, ensuring that a wide range of payment needs are catered for at the point of sale. The technology uses the security and privacy features built into iPhone devices. According to Apple, when payments are processed through Tap to Pay, card numbers or transaction information are not stored on Apple servers, which supports both merchant and customer data privacy. Bharathi Ramavarjula, Senior Vice President, Payments & Ecosystem at Xero, said, "Managing payments plays a vital part of the cash flow equation, but small businesses continue to face challenges, including chasing late payments. With so much on their plate already, keeping pace with shifting consumer expectations and market trends can feel overwhelming. That's why payments is such a core part of Xero's business strategy. With the launch of Tap to Pay on iPhone, we're excited to support small businesses to streamline payment processes, enabling them to accept payments on the spot, and maintain a healthy cash flow." Xero research indicates that customer payment preferences can significantly influence consumer behaviour. According to the research, 38% of New Zealand consumers report being frustrated when their preferred payment option is unavailable. Additionally, 22% state they would consider shopping elsewhere if a business does not offer one of their preferred payment methods. Xero customers with a Stripe account can access Tap to Pay by using an iPhone XS or later running the most recent version of iOS. The system is designed to be quick to set up, with users able to download the Xero Accounting app from the Apple App Store and begin accepting payments within minutes. The new offering aims to provide small businesses with additional ways to receive payments, which Xero sees as a key factor in effective cash flow management. By integrating Tap to Pay technology directly into its app, Xero seeks to support small businesses in providing flexible payment options that align with consumer expectations. Apple notes that encrypted card numbers are only temporarily stored on iPhone during transactions made in Store and Forward mode, underscoring the system's emphasis on security and privacy during payment processing. Findings from Xero's 'I want to pay that way' research conducted in May 2024, which surveyed 1005 New Zealand adults and 508 small business leaders, further underline the importance of meeting consumer payment preferences in the current marketplace.
Yahoo
28-05-2025
- Business
- Yahoo
Visa Expands Click to Pay Across Asia Pacific Via Hong Kong's ZA Bank
Visa Inc. V recently introduced a transformative solution, Click to Pay, across Hong Kong, and ZA Bank, the country's largest and first digital bank, has extended a helping hand by becoming the first card-issuing bank to deploy the feature across Hong Kong and the broader Asia Pacific region. This marks the beginning of a wider rollout, with 11 additional markets expected to follow. Click to Pay is designed to simplify online shopping by removing the friction associated with traditional checkout methods. Once users activate their Visa card within their issuing bank's app, they can skip entering long card numbers and avoid filling out form fields. Users will also no longer need to remember complex passwords. This not only enhances user convenience but also reduces the average checkout time. With consumer card information securely stored by Visa, users benefit from a trusted and secure environment without relying on third-party websites to store sensitive details. To further enhance ease of use, Click to Pay is embedded at the card level, meaning consumers don't need to register separately on eCommerce or merchant platforms. Activation occurs automatically once the card is onboarded via the bank's app, making it instantly available for use. Consumers can set up their Visa Payment Passkey using their device's built-in biometric tools or screen lock. This adds an extra layer of protection when authenticating future online purchases across participating eCommerce platforms. Enhanced security remains a key pillar of Visa's Click to Pay, which seems to be of immense need amid the surge in online frauds amid a booming digital era. Therefore, the ulterior motive of the Visa solution remains to revolutionize the online shopping experience, lead to a reduction in cart abandonment rates for eCommerce transactions and improve authorization rates. Therefore, it provides for higher conversion rates and lesser fraud risks for merchants as well as enables shoppers to complete purchases with just a few clicks using their registered email address, phone number or a Visa Payment Passkey. Introducing such a beneficial solution across Hong Kong is expected to expand Visa's customer base across the region while driving higher revenues from its key enablers suite, of which Click to Pay is a part. This portfolio also contains innovative solutions such as Tap to Pay and Visa Token Service. The company aims to drive growth in consumer payments by increasing acceptance points and strengthening consumer engagement through key enablers. Furthermore, rolling out Click to Pay across Hong Kong is also reflective of Visa's keen eye to capture digital growth prospects of the broader Asia Pacific region. The region's eCommerce growth is fueled by rising mobile usage, digital innovation and robust connectivity. Major acquirers like AsiaPay and an extensive network of merchants across the targeted region have already adopted V's Click to Pay. Shares of Visa have gained 30.4% in the past year compared with the industry's 24.5% growth. V currently carries a Zacks Rank #3 (Hold). Image Source: Zacks Investment Research Some better-ranked stocks in the Business Services space are Limbach Holdings, Inc. LMB, APi Group Corporation APG and Shift4 Payments, Inc. FOUR. While Limbach sports a Zacks Rank #1 (Strong Buy), APi Group and Shift4 Payments carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The bottom line of Limbach outpaced estimates in each of the last four quarters, the average surprise being 91.17%. The Zacks Consensus Estimate for LMB's 2025 earnings indicates an improvement of 21.9% from the year-ago figure. The consensus mark for revenues implies growth of 18.7% from the year-ago number. The consensus mark for LMB's earnings has moved 27.2% north in the past 30 days. APi Group's earnings outpaced estimates in three of the trailing four quarters and matched the mark once, the average surprise being 4.06%. The Zacks Consensus Estimate for APG's 2025 earnings indicates an improvement of 11.4% from the year-ago figure. The consensus mark for revenues implies growth of 6.8% from the year-ago number. The consensus mark for APG's earnings has moved 3% north in the past 30 days. The bottom line of Shift4 Payments outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 16.78%. The Zacks Consensus Estimate for FOUR's 2025 earnings indicates an improvement of 43.4% from the year-ago figure. The consensus mark for revenues implies growth of 26.1% from the year-ago number. The consensus mark for FOUR's earnings has moved 18% north in the past 30 days. Shares of Limbach, APi Group and Shift4 Payments have gained 128.2%, 30.2% and 35.2%, respectively, in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report Shift4 Payments, Inc. (FOUR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
