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January 26, 2022Blog Posts

iPhones will soon accept contactless payments directly, says report

The Verge

Small businesses will soon be able to use iPhones to accept payments without the need for Square-style extra hardware, according to a Bloomberg report. The feature has been anticipated since Apple bought contactless payment startup Mobeewave in 2020, and Bloomberg now says it could be coming via a software update “in the coming months.”

Mobeewave previously worked with Samsung on similar NFC functionality, trialing a system called Samsung POS in the startup’s home country of Canada in 2019 before launching it worldwide. Samsung POS enabled Samsung phones to accept payments directly from contactless cards and NFC payment services like Apple Pay, Samsung Pay, and Google Pay.

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