Adyen, an Amsterdam-headquartered international payments platform, announced on Thursday that the firm is working with tech giant Apple to offer ‘Tap to Pay’ on iPhone for its US customers later this year.
According to the press release, Adyen’s US customers can use their iPhones to accept contactless payments without purchasing or managing additional hardware or terminals. In addition, Adyen is partnering with enterprise customers and commerce platforms, such as Lightspeed Commerce and NewStore, to make the feature available to as many businesses as possible.
Vince, a NewStore customer, will pilot the new capability with Adyen’s support.
Customers of Adyen can use Tap to Pay on iPhone to use a payment solution that is easy to set up, easy to scale, and secure. With Tap to Pay on iPhone, businesses are able to accept contactless payments using their iPhone, including payments via Apple Pay, contactless credit and debit cards or other digital wallets. Tap to Pay on iPhone requires an iPhone XS or later and a supporting iOS app.
“In-person payments are evolving and customers are asking for a reliable, affordable and easy to scale mobile payment solution with a simplified integration. So, it made sense to offer Tap to Pay on iPhone to our customers. With many businesses increasingly equipping their employees with iPhones to better serve their shoppers, this product will further streamline the checkout processes for shoppers. Tap to Pay on iPhone is going to be a great solution for our customers looking to create even better in-person experiences. This builds on our longstanding support for Apple Pay since 2014 which we enable for online and in-store transactions globally. We’re excited to continue working with Apple to enable another easy and secure payment solution with Tap to Pay on iPhone,” Kamran Zaki, the COO at Adyen, commented.
New Embedded Financial Products
Recently, Adyen announced that platforms and marketplaces will be able to create tailored financial experiences for their users, such as small business owners and individual sellers using these products. Additionally, with the suite of products, platforms will be able to unlock new revenue streams and increase user loyalty.
