Payment facilitators partnered with Worldpay‘s PayFac suite can now enable Tap to Pay on iPhone for their merchants, a new service initiated by two PayFac partners, Fullsteam and Autobooks.
This feature allows merchants to accept contactless payments via iPhone, including contactless credit and debit cards, Apple Pay, and various digital wallets, without needing additional hardware.
The 2024 Global Payments Report from Worldpay predicts a surge in digital wallet transactions by 2027, with 86% of point-of-sale transaction value expected to be conducted through digital wallets or cards globally.
This shift reflects a growing trend among retailers and other businesses to offer diverse payment options, meeting the rising consumer demand for digital wallet and contactless payments.
Tap to Pay on iPhone aligns with this trend, offering a solution to cater to consumer preferences.
Matt Downs, EVP of Platforms at Worldpay, highlighted the significance of iPhones in the U.S. market, stating that Tap to Pay on iPhone opens up opportunities for businesses to accept payments securely and seamlessly.
PayFac partners can integrate this feature with minimal development effort, bypassing the burden of device certification.
BT Group’s digital arm has partnered with Adyen to introduce a solution for small businesses, enabling them to accept in-person contactless payments using Tap to Pay on iPhone.
The BT Tap to Pay app, developed with input from SMEs across the UK, prioritizes their specific needs.
To implement Tap to Pay on iPhone, PayFac partners can collaborate with Worldpay to integrate its triPOS mobile toolkit into their point-of-sale app, offering it through the Apple App Store.
Merchants using the app can then accept a wide range of contactless payments using an iPhone.
Tap to Pay on iPhone leverages Apple’s technology to ensure privacy and security.
Card numbers and transaction information are not stored on the device or Apple servers during payment processing, maintaining the security of both merchant and customer data.