Apple Could Soon Allow iPhones to Accept Credit Card Payments Using NFC

Apple Could Shortly Permit iPhones to Accept Credit Card Payments Using NFC

Posted by on Jan 27, 2022 in iPhone Rumors

Apple tree is working on assuasive iPhones to directly have payments through NFC without requiring whatever additional hardware and plow them into payment terminals. The characteristic will exist rolled out in a future iOS update.

Bloomberg reports that Apple is planning on bringing this feature to the iPhone to allow small-scale businesses to accept payments from customers without any additional investment. Right now, it is possible to accept payments from credit cards on an iPhone but requires an add-on like Square Reader or other similar payment terminal accessories.

The visitor has been reportedly working on this feature since 2022, when it paid $100 one thousand thousand to learn the Canadian startup Mobeewave, which was working on the tech to allow smartphones to human activity as payment terminals via NFC. The feature will rely on the NFC scrap establish inside existing iPhones. The feature will seemingly but be available to iPhone customers in the US and select other countries.

Gurman claims that the characteristic will be a part of the iOS 15.iv beta that'southward expected to exist released before long, with the final OS release scheduled for the spring. iOS xv.three did not comprise whatsoever major new features, and then information technology is possible that Apple tree introduces some major new features in iOS fifteen.4. What remains unclear is whether Apple will bundle this service into Apple Pay or call information technology something else birthday.

[Via Bloomberg]