Tap to pay iphone
Europe Paytech Trending

SumUp ‘Lowers Barriers to Entry’ by Launching Tap to Pay on iPhone for UK and Netherlands Merchants

SumUp, the London-based fintech providing tools to support business growth, has launched ‘Tap to Pay’ on iPhone for its merchant customers across the UK and the Netherlands. 

The move enables merchants using SumUp to securely accept all forms of contactless payments, including Apple Pay, contactless credit and debit cards, as well as other digital wallets, using only an iPhone with the SumUp iOS app installed.

Tap to Pay does not require additional hardware, meaning SumUp customers can accept contactless payments from any location, so long as they have a compatible iPhone. It will also be available for all SumUp merchants, regardless of size or how recently the venture has launched.

SumUp explained that it believes Tap to Pay on iPhone is an “ideal stepping stone” for nano merchants that are looking to scale their business and consider payment solutions, alongside other business tools. The fintech ultimately hopes the move can help further democratise digital payments – aligning with one of its core goals.

Tap to Pay on iPhone is the second Apple and SumUp integration, following the 2021 announcement that SumUp would accept Apple Pay across its software and hardware solutions.

A move that “lowers barriers to entry, with the potential to fuel entrepreneurship”
Giovanni Barbieri, senior strategic growth manager for SumUp on Tap to Pay
Giovanni Barbieri, senior strategic growth manager for SumUp

Giovanni Barbieri, senior strategic growth manager for SumUp, discussed the significance of the move for smaller merchants: “Our mission is to make business simple for our merchants and this roll-out is an extension of our existing work supporting payment for SMEs and merchants of all sizes.

“Importantly, Tap to Pay on iPhone is easy, secure and private; protecting both sides of the transaction. I am especially pleased with the exceptional functionality of the product and the fact it lowers barriers to entry, with the potential to fuel entrepreneurship.”

While nano merchants use the solution as a standalone product to accept payments, merchants can also use Tap to Pay in conjunction with card readers and point of sale (PoS) systems.

Using the built-in features of the iPhone keeps businesses’ and customers’ data private and secure. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets. Tap to Pay on iPhone will appear as a payment method in the SumUp app.

The service is available for those with an iPhone XS or later. Apple will not store card numbers on the device or on Apple servers.

Author

  • Tom joined The Fintech Times in 2022 as part of the operations team; later joining the editorial team as a journalist.

Related posts

What Is the Baltics’ eCommerce Dilemma and How Can It Be Solved?

Tyler Pathe

Australian Lender Humm to Launch Regulated Alternative Credit in the UK Following FCA Approval

Tyler Pathe

Online Shopping for the Unbanked: E-Commerce Where Cash Is King

Polly Jean Harrison