It is understood that Apple announced that the iPhone will release a new inductive payment function "Tap to Pay", which supports Apple Pay, contactless credit and debit cards and other digital wallets, without the need for additional hardware. When shopping, payment can be made simply by bringing your iPhone or Apple Watch close to the merchant, and the payment will be done via NFC technology.
Apple also revealed the compatibility details of the merchant Tap to Pay, the use of tap to Pay function in addition to the need to download a third-party application that can support Tap to Pay, but also to hold an iPhone X or higher version of the device. However, other app developers will also be able to incorporate tap to pay features in the next update version of iOS. Shopify's point-of-sale products will also support Tap to Pay, while Stripe will be the first payment operator to offer tap to Pay to users.
In addition, Apple said that the iPhone Tap to Pay will provide a safe and simple way for businesses to pay contactlessly, Tap to Pay uses the same payment data protection model as Apple Pay, and Tap to Pay will generate a unique transaction ID each time it is used.
However, Apple has not yet specified the launch date of Tap to Pay. In addition, the Tap to Pay feature is only supported for iPhone models in the United States and later.