Westpac enables Tap to Pay on iPhone for seamless contactless payments
By Delisha Fernandes
Westpac announced it has enabled Apple’s Tap to Pay on iPhone contactless payment technology, a new, easy, secure payment option for business customers.
Tap to Pay on iPhone accepts all contactless payments, including Apple Pay, contactless credit and debit cards and other digital wallets using only an iPhone and Westpac’s EFTPOS Air iOS app, removing the need for additional hardware or payment terminals.
Using Tap to Pay in the EFTPOS Air app, merchants will prompt the customer to hold their contactless payment near the merchant’s iPhone at checkout, and the payment will be securely completed using NFC technology.
Tap to Pay on iPhone also supports PIN entry, which includes accessibility options. Apple’s Tap to Pay on iPhone uses the built-in features of the iPhone to keep the businesses’ and customers’ data private and secure. Apple doesn’t store card numbers on the device or servers when a payment is processed.
Chris de Bruin, Chief Executive, Consumer and Business Banking Westpac, said, “We are delighted to offer businesses another flexible and fast payment option with Tap to Pay on iPhone. Our business customers can be onboarded and start accepting quick and secure payments on the go within minutes, using only an iPhone and the Westpac EFTPOS Air iOS app.’’
Bruin added, “This new capability is particularly beneficial for any business that takes payments on the road or needs their staff to be more mobile on the shop floor. It’s a game changer for tradies, delivery drivers, businesses like hairdressers, mechanics or florists, and many more. It aligns with our strategy to provide customers with payment solutions that are easy, safe and reliable to use and will help drive business efficiencies.’’
IBSi Daily News Analysis
January 15, 2024
Apple’s Tap to Pay
Payment trends in 2024 to propel businesses towards unprecedented profitability, study shows
Read MoreIBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage