Adyen to offer Tap to Pay on iPhone to customers later this year

Rhea-AI Summary

Adyen (AMS: ADYEN) is collaborating with Apple to introduce Tap to Pay on iPhone for its U.S. customers, enabling them to accept contactless payments using their iPhones. This innovation eliminates the need for additional hardware and enhances payment mobility. The rollout will involve partnerships with enterprise customers and platforms like Lightspeed Commerce and NewStore, with a pilot project already in place with NewStore's client, Vince. The solution promises a seamless, secure payment experience for businesses and consumers alike.

Positive

• Enables Adyen customers to accept contactless payments effortlessly using iPhones.
• Eliminates the need for additional payment hardware, reducing costs for businesses.
• Collaborations with major platforms like Lightspeed and NewStore could expand market reach.
• Enhances customer experience with flexible checkout options.

Negative

• None.

By transforming an iPhone into a payment terminal, the solution will increase payment mobility

SAN FRANCISCO, April 7, 2022 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is working with Apple to offer Tap to Pay on iPhone for its U.S. customers later this year. The solution allows Adyen's U.S. customers to use their iPhones to accept contactless payments, without the need to purchase or manage additional hardware or payment terminals. Adyen is working with enterprise customers and commerce platforms, such as Lightspeed Commerce and NewStore, to bring the feature to even more businesses. With Adyen's support, NewStore will pilot the new capability with its customer Vince.

"Lightspeed is known for providing the latest technology to our merchants so they have the most impactful tools to run their business. Partnering with Adyen to provide Tap to Pay on iPhone is a huge win for our U.S. customers," said Jona Georgiou, GM, Payments and Financial Services at Lightspeed. "This feature gives merchants even more checkout options to provide amazing customer experiences."

"Adyen has been at the forefront of innovation with NewStore since our inception. Together, we have already put iPhones in the hands of thousands of store associates. Now, these devices can become payment terminals with no additional hardware," said Stephan Schambach, Founder and CEO of NewStore. "By bringing Tap to Pay on iPhone to our growing list of shared customers, NewStore and Adyen will provide a more convenient, seamless, and secure payment experience for both associates and consumers."

Tap to Pay on iPhone enables Adyen customers to use a payment solution that is effortless to set up, quick to scale, and secure. Using an iPhone XS or later and a supporting iOS app, Tap to Pay on iPhone enables businesses to accept contactless payments using their iPhone, including payments via Apple Pay, contactless credit or debit cards, or other digital wallets. Tap to Pay on iPhone is the ideal mobile payment solution for business customers who like to be at the forefront of innovation and that want more flexible checkout experiences for their shoppers or for businesses that are on the go, like delivery services.

"In-person payments are evolving and customers are asking for a reliable, affordable, and easy to scale mobile payment solution with a simplified integration," said Kamran Zaki, COO at Adyen. "So it made sense to offer Tap to Pay on iPhone to our customers. With many businesses increasingly equipping their employees with iPhones to better serve their shoppers, this product will further streamline the checkout processes for shoppers. Tap to Pay on iPhone is going to be a great solution for our customers looking to create even better in-person experiences. This builds on our longstanding support for Apple Pay since 2014 which we enable for online and in-store transactions globally. We're excited to continue working with Apple to enable another easy and secure payment solution with Tap to Pay on iPhone."

Tap to Pay on iPhone is not only the future of mobile payments, it broadens Adyen's in-person payments offering, ranging from physical terminals to virtual ones, to enable customers to choose the payment solution that best fits their business needs. Tap to Pay on iPhone will work with contactless credit and debit cards from leading payment networks.

To learn more, visit our website here.

About Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Facebook, Uber, H&M, eBay, and Microsoft. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company's website.

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SOURCE Adyen Inc.

FAQ

What is Tap to Pay on iPhone by Adyen?

Tap to Pay on iPhone allows businesses to accept contactless payments using their iPhones, integrating seamlessly into their payment systems.

When will Adyen launch Tap to Pay on iPhone?

Adyen plans to offer Tap to Pay on iPhone to its U.S. customers later this year.

What companies are collaborating with Adyen on this initiative?

Adyen is partnering with Lightspeed Commerce and NewStore to implement Tap to Pay on iPhone for its customers.

How does Tap to Pay on iPhone benefit Adyen's clients?

It provides a cost-effective and easy-to-implement mobile payment solution without requiring additional hardware.

What devices are needed to use Tap to Pay on iPhone?

Businesses need an iPhone XS or later and a supporting iOS app to utilize Tap to Pay on iPhone.