During WWDC yesterday, Apple announced it will be launching Tap to Pay on iPhone this month, allowing small merchants and independent sellers in the United States to use their iPhone as a payment terminal.
Announced in February, the feature allows compatible iPhones to accept payments via Apple Pay, contactless credit and debit cards, and other digital wallets, with just an iPhone.
Tap to Pay on iPhone will be supported with the iPhone XS or newer, and will work for customers as any normal Apple Pay transaction. Tap to Pay on iPhone uses NFC technology to securely authenticate and complete a purchase.
Apple is working with several partners for Tap to Pay on iPhone, including Square, Stripe, GoDaddy, Chase, and more. Apple started testing the feature first at its Apple Park Visitor Center last month and has rolled it out for Apple retail stores.
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Sarcasm aside, that does make sense, and even payment processor/terminal companies like adyen are making large strides here by making it even *more* easier to integrate all kinds of payments into just one online+POS-terminal interface.
Still, together with apple cash, i'm interested if apple even has the appetite to enter the EU as a financial intermediary this way. It would be interesting, but i think they'd get slapped by the ECB and/or EU commission if they start to pull stuff too much to themselves.
On the other hand, enhanced cooperation with european banks, with apple's display and integration systems, would be very interesting to have.