Adam Rogers, owner of A&B Musical Instruments. Source: Supplied.
Australian small businesses can now accept payments directly through their iPhone, promising greater mobility to traders while upheaving the highly competitive point-of-sale (POS) market.
Apple officially introduced Tap to Pay on iPhone into the Australian market Wednesday, allowing businesses to accept contactless credit and debit card payments, and digital wallet payments, with nothing more than their iPhone and a supporting iOS app.
Beyond contactless payments through NFC technology, the system will also allow PIN entry.
The development is slated to provide more flexibility than traditional countertop POS terminals, without the add-on hardware associated with existing portable POS innovators like Square.
Westpac and Tyro are the first two Australian companies to allow their customers to utilise the technology, with Apple claiming ANZ Worldline Payment Solutions, Stripe, Till Payments, and Zeller will offer the option to clients in the months ahead.
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