With iOS 15.4 beta 2, the iPhone becomes a payment terminal
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With iOS 15.4 beta 2, the iPhone becomes a payment terminal

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No need to rent a dedicated device from your bank!

Among the changes just landed with the latest iOS 15.4 beta update is a real nugget for merchants: Tap to Pay. This solution is the equivalent of Apple Pay but… in the other direction. In other words, it suffices that a person approaches his bank card from the seller’s iPhone and the latter then receives his payment.

An operation very similar to the aging TPE that we find both at the entrances to museums and at the ticket office of the most popular concerts. In other words, a real financial boon for Apple, for which the services would already represent no less than 1,500 billion dollars in capitalization according to the latest report published by Dan Ives (Wedbush Securities).

 

A major FinTech player in the loop

Among the first partners of this major initiative, none less than Stripe. The Irish giant has just announced its own compatibility with Tap to Pay , but only in private beta for the moment. This means that not everyone will be able to access it. To do this, it is however possible to apply via this form, obviously to be completed by the decision-makers of the technical teams .

Everything is to be configured from the Stripe Terminal SDK , and it is necessary to provide several information such as your e-mail address or the website of your company to be entitled to it. As for the transactions, they are protected by end-to-end encryption, which guarantees a certain confidentiality to buyers who still transmit their bank details in this way.

Up to 90% penetration

According to Apple, payments via the NFC chip and the Cards app are already accepted by nearly nine out of ten stores in the United States alone. However, Tap to Pay uses the same sensor to record payments between customers and professionals. A parallel quickly recalled in the Apple brand’s media promoting its functionality, which you can already try from home with iOS 15.4 beta 2 .

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