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Apple to turn iPhones into payment terminals in fintech push

Apple's new incoming feature will allow businesses to accept credit card and digital payments with just a tap on users' iPhones, bypassing hardware systems in the process

Apple to turn iPhones into payment terminals in fintech push

Apple Inc is introducing a new feature that will allow businesses to accept credit card and digital payments with just a tap on their iPhones, bypassing hardware systems such as Block Inc's Square terminals. The feature, to be launched later this year, will use near field communications (NFC) technology for making all kinds of payments, including between iPhones, Apple said.

Apple to Turn iPhone Handsets Into Payment Terminals Through Tap-to-Pay Feature

Apple is introducing a new feature that will allow businesses to accept credit card and digital payments with just a tap on their iPhone handsets, bypassing hardware systems such as Block s Square terminals.

Apple to turn iPhones into payment terminals in fintech push

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