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Apple says iPhone to accept tap-to-pay without more hardware

Apple says iPhone to accept tap-to-pay without more hardware
Posted at 11:40 AM, Feb 08, 2022
and last updated 2022-02-08 14:40:27-05

NEW YORK (AP) — Apple is expanding the iPhone’s capabilities to accept contactless payments.

It's a move that will make it easier for merchants to conduct tap-to-pay transactions without having to buy additional hardware. It will also give Apple a competitive advantage in the growing world of contactless payments, in which the iPhone and Apple Pay continues to play a dominant role.

Apple says the iPhone will be able to act as a payment terminal itself, without any additional hardware. The tap-to-pay feature will use the iPhone’s existing built-in NFC chip that was being used to transmit payments down to a payment terminal.

It will be available to developers via an iOS software this spring.