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Apple iPhone users can now pay directly with just a tap. Know how and where

1 min read Reuters 08 Feb 2022, 09:13 PM IST

The feature, to be launched later this year, will use NFC

FILE PHOTO: IPhone 12 phones are seen at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson/File Photo (REUTERS) — FILE PHOTO: IPhone 12 phones are seen at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson/File Photo **(REUTERS)**

Apple Inc will allow businesses to accept payments directly on their iPhones, bypassing any extra payment hardware such as Block Inc's Square terminals.

Fintech firms Stripe and Shopify Point will be the first to offer the "Tap to Pay" feature to business customers in the spring of 2022 in the United States, the company said in a statement.

The feature, to be launched later this year, will use near field communications (NFC) technology and allow businesses to accept credit and debit cards and other digital wallets with a tap on the device, Apple said.