PayPal joins forces with Apple's Tap to Pay to enable contact-free iPhone payments for millions of U.S. small businesses

News on March 8, PayPal Holdings Inc. recently issued an announcement announcing that millions of U.S. small businesses who are users of Venmo and PayPal Zettle now do not require any additional hardware such as expansion accessories or Bluetooth The card reader can enable contact-free payment with just an iPhone by supporting Apple's Tap to Pay function.

Apple’s Tap to Pay feature, launched in May 2022, allows U.S. merchants to use iPhones and merchant-supported iOS apps to accept Apple Pay and other toll-free payments. Contact payment method. Through this service, users with compatible iPhone devices are able to securely process contactless payments and NFC-enabled Apple Pay credentials without the need for any additional hardware.

Nitin Prabhu, PayPal’s vice president of small business and financial services, emphasized the importance of supporting Apple’s Tap to Pay feature in a press release. He mentioned that as consumers increasingly choose non-cash payment methods, small businesses are also looking for economical and flexible ways to provide customers with more payment options while getting rid of the constraints of geographical location.

Prabhu said: “With Tap to Pay on iPhone, millions of small businesses using Venmo, PayPal and Zettle can now accept contactless cards and numbers from anywhere, directly from their iPhone. Wallet payments. This will help them grow their customer base and drive sales.”

For small business owners, just by completing a few simple setup steps, they can use their Venmo business account to Or PayPal Zettle starts accepting contactless card and digital wallet payments. In addition, according to data provided by PayPal, more than 40% of Americans said that they did not use cash for all purchases in a week, a trend that shows that cash is no longer the preferred payment method for many people. Although contactless payments have been relatively slow to adopt in the United States, they are already widely used in other parts of the world.

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