Apple has taken a big step forward by introducing its Tap to Pay feature on iPhone in Taiwan. This new feature allows independent sellers, shops, and large retail stores to accept payments and process transactions via an iPhone. With Tap to Pay, all that is needed is an iPhone – no additional hardware or credit card machine is required.
Apple has partnered with tap-based payment platforms China Trust Bank, TapPay and Taipei Fubon Bank (which will be added later in the year), to make Tap to Pay available to all iPhone users in the country. Customers in Taiwan will be able to use Tap to Pay the same way they would use Apple Pay – by presenting the iPhone device over contactless cards. The authentication process is extremely secure, thanks to the use of NFC technology.
Moreover, Tap to Pay on iPhone is already available in the U.S. to 700,000 businesses, including Apple Stores. Now Taiwan has become the second region after the U.S. to support Tap to Pay. This is highly beneficial for businesses in Taiwan, as it reduces their need to purchase credit card machines or additional hardware.
China Trust Bank is the first payment platform to offer Tap to Pay for its business customers, including Taiwan Mobile and Taiwan Taxi Co. Moreover, Taipei Fubon Bank will be supporting Tap to Pay on their payment platform later in the year. The feature works great with compatible iPhone XS or newer models.
Apple has long been at the forefront of innovative technological infrastructure and its introduction of Tap to Pay in Taiwan is just one of the many ways that they are working to make digital payments more secure, accessible and efficient. This new payment feature is taking a leap forward in the country providing an incentive to small businesses, large retailers as well as independent sellers, paving the way for a more contactless and digital future.
