iPhone Tap to Pay is coming to Ukraine

Tap to pay on iPhone

PrivatBank, Ukraine’s largest bank, has announced support for Apple’s Tap to Pay feature on the iPhone, bringing the contactless payment system to Ukraine for the first time.

This feature is supported using PrivatBank’s “Terminal” app, which is available for download from the App Store. Once enabled, merchants will be able to accept contactless payments – not only from Apple Pay-enabled iPhones, but also using other digital wallet systems and contactless credit and debit cards.

Tap to Pay does not require a terminal reader or any external hardware. Using Near Field Communication (NFC) technology built into the iPhone, Tap to Pay allows merchants to accept digital payments, as the name suggests, with a simple tap of the receiving iPhone or other contactless payment method.

PrivatBank SME board member Yevhen Zaigraiev explained that the PrivatBank system is designed to scale for any business, small or large.

“The terminal application developed by PrivatBank is a comprehensive turnkey solution for businesses that not only allows them to record cash transactions, create and cash checks, and transmit information to tax authorities , but can now also accept Visa and Mastercard contactless payments. Zygraev said.

Apple first introduced Tap to Pay in February 2022. The company initially partnered with online payment processing platform Stripe to offer the feature. After a limited beta test, a developer rollout and initial testing at the Apple Park Visitor Center in Cupertino, Apple will begin supporting the feature across the United States in its retail stores starting in May 2022.

Since then, businesses including GoDaddy and PayPal have begun accepting Tap to Pay payments, and the service has gradually expanded beyond US borders.

Ukraine is the seventh country or region to support Tap to Pay. The service arrived in Australia in May 2023 with initial support from Westpac and Tyro Payments. The service followed in the UK in July with support from Revolut and Tyl by NatWest, and came to the Netherlands in August thanks to the efforts of Adyen and SumUp. Tap to Pay came to Brazil in September via CloudWalk and is also available in Taiwan.

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Image Source : appleinsider.com

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