CINCINNATI—Worldpay has rolled out tap to pay on iPhones it said is aimed at simplifying payments.
Payment facilitators collaborating with the Worldpay's PayFac suite of services now have the capability to enable tap to pay on iPhones for their merchants, according to Finance Magnates, which added that two PayFac partners, Fullsteam and Autobooks, have implemented the new service.
“The feature allows merchants to accept contactless payments via an iPhone, encompassing contactless credit and debit cards, Apple Pay, and various digital wallets—all without the requirement for additional hardware,” Finance Magnates reported.
‘Significant Shift’
Finance Magnates further noted the 2024 Global Payments Report from Worldpay predicts a significant shift in transaction dynamics, with 86% of all point-of-sale transaction value anticipated to be conducted through digital wallets or credit and debit cards globally by 2027.
“This forecast highlights a growing inclination among retailers, field service workers, salons, healthcare professionals, and other business operators to diversify their payment offerings to cater to the rising consumer demand for digital wallet and contactless payment options,” Finance Magnates said.
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