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Apple To Allow iPhone Users Accept Contactless Payments Directly



Apple wants to allow small and medium scale businesses accept payments directly on their iPhones through contactless technology.

Bloomberg report says Apple wants the new feature to effectively bypass contactless payments from systems such as iZettle and Square.

Apple will likely be rolling out the new feature along its coming iOS 15.4 update.

A report from Bloomberg says Apple wants the new feature effectively bypass contactless payments from systems such as iZettle and Square.

The direct payment technology will utilise an iPhone’s near field communications (NFC) facility without the need for plug-in tap-to-pay device.

The smartphone company has been mulling this since it bought a contactless payment startup, Mobevee for $100 million in 2020.

Mobevee is a Canadian startup that developed the contactless technology for smartphones to accept credit card payments with a simple tap.

According to Bloomberg, Apple’s contactless technology might be coming in a software update “in the coming months.”

With the new feature, businesses using iPhones can accept payments directly from contactless cards.

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They can also accept payments from NFC payment services like Apple Pay, Samsung Pay, and Google Pay.

Why the feature:

This feature became necessary since businesses that wish to accept payments using an iPhone must currently use external, third-party hardware.

Third-party hardware services usually come from Square.

Square sells multiple different payment terminals for iPhone and iPad devices.

However, Apple want’s to change this process by introducing the tap-to-pay terminal technology directly into the iPhone using its built-in NFC chip.

According to the platform, the contactless payment will likely work with Apple Pay.

How it would work:

The contactless technology will allow users to tap their iPhone onto the back of another iPhone to make a payment.

What it means is that a customer can either tap their credit cards or their iPhones on the back of your iPhone and payment will be made.


By implication, Apple’s new feature will turn iPhones into payment terminals.

This will allow businesses like hair stylists, food trucks and even vendors accept payments with the tap of a credit card or another iPhone onto the back of their device.

Meanwhile, it is not clear yet if Apple intends to partner with an existing payment network for the feature or launch it alone.


Anthony Chinonso Ogbonna is the editor of Techuncode media. He is a seasoned journalist whose stint cuts across broadcast, print and, especially, the online media. A graduate of Mass Communication from the University of Nigeria, Nsukka (UNN), Anthony holds a Masters Degree in Multimedia Journalism. He aligns his belief with those of world tech communities, holding tenaciously that the world is solely driven and can only be best with tech. Furthermore, Anthony believes that technology is simple, fun and is not what one, especially Africans, should be scared of, hence, his passion for telling compelling stories about tech in ways relatable to the ordinary user. He has his hobbies in reading and designing (new hobby though.)