Square announced that it will bring tap to pay support for iPhone for its existing POS application, which allows users to accept contactless payment without any additional hardware This feature, announced by apple in February, allows users to turn the iPhone into a contactless payment terminal. Now, square says that it is introducing support for this feature into its IOS applications.
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Square said, "just use the square POS app and iphone , sellers can seamlessly and securely make contactless payments through tap to pay on iPhone. This capability will build on square's existing capabilities, including marketing and loyalty programs, product inventory management, and commercial banking tools. "
Square said that this new feature will be launched later in 2022, but it has launched an early preview plan for selected merchants for the first time since Tuesday.
At the press conference, Apple The company said that when tap to pay on the iPhone is widely launched, stripe will become an early partner to adopt this feature.
Square is the leader in the personal payment processing market, while stripe is more focused on e-commerce and online payment. Since square has also announced its support for this feature, a large part of the U.S. commercial cashless payment system market will now have this feature.