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Apple’s iPhone ‘tap to pay’ system hits Australia, as SMEs weigh up fees and trust concerns

Australian small businesses can now accept payments directly through their iPhone, promising greater mobility to traders while upheaving the highly competitive point-of-sale (POS) market.
David Adams
David Adams
Adam Rogers, owner of A&B Musical Instruments. Source: Supplied.

Australian small businesses can now accept payments directly through their iPhone, promising greater mobility to traders while upheaving the highly competitive point-of-sale (POS) market.

Apple officially introduced Tap to Pay on iPhone into the Australian market Wednesday, allowing businesses to accept contactless credit and debit card payments, and digital wallet payments, with nothing more than their iPhone and a supporting iOS app.

Beyond contactless payments through NFC technology, the system will also allow PIN entry.

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