Apple today announced the launch of Tap to Pay on iPhone in Taiwan. The feature allows small merchants and other vendors in Taiwan to use their iPhones as a payment terminal with no additional hardware needed.
China Trust Bank and TapPay are the first payment platforms to support Tap to Pay for their business customers (including major customers Taiwan Mobile and Taiwan Taxi Co). Taipei Fubon Bank will add support to its payment platform later in the year.
Apple originally announced Tap to Pay in February 2022. The feature allows users with compatible iPhones to accept payments via Apple Pay, contactless credit and debit cards, and from other digital wallets.
Individuals and merchants with an iPhone XS or newer can accept contactless payments through supported iPhone apps. The merchant will simply hold out their iPhone, and the customer will hold their iPhone, Apple Watch, another digital wallet, or contactless credit card near the device and a secure payment will be made via NFC technology.
Tap to Pay on iPhone is also available to more than 700,000 additional businesses across the United States, and Apple Stores in the U.S. have also rolled out the feature.
PayPal has said that it also plans to add Apple Pay as a payment option in checkout flows on merchant platforms, plus starting this year, customers in the U.S. will be able to add PayPal and Venmo network-branded credit and debit cards to Apple Wallet, using them in locations where Apple Pay is accepted.