Nexi, Stripe, Adyen launch Apple's Tap to Pay service in Italy

FILE PHOTO: Jennifer Bailey VP Apple Pay at Apple, speaks during an Apple special event at the Steve Jobs Theater in Cupertino, California, U.S., March 25, 2019. REUTERS/Stephen Lam/File Photo

MILAN (Reuters) - Payments companies Nexi, Stripe and Adyen have started offering businesses in Italy a way to accept payments from customers that relies on Apple's iPhones, they said on Wednesday.

Apple's Tap to Pay service uses a wireless technology known as near-field communication (NFC) which allows the exchange of data between devices over a short distance.

Nexi, Europe's biggest payments group by volume of transactions processed, already offered shopowners the chance to use their phone to process payments using the NexiSoftPOS application.

Until now, however, that could be used only on phones running on an Android operating system and not Apple's iOs.

Using a smartphone to process payments is particularly useful for small shops, which can in this way avoid having to pay for a specific piece of hardware.

Dutch group Adyen, which mostly provides e-commerce services to large corporate clients but has been widening its offer to include bricks-and-mortar stores, also said it was launching the Tap to Pay service. Milanese luxury brand Prada would offer it in its shops starting with Italy's fashion capital.

Stripe, which competes with Adyen to supply payments services to companies, said it was adopting the Apple service.

"Tap to Pay on iPhone means Italian companies can now accept contactless payments with a device a lot of us already carry in our pockets," said Ruhi Dang, Stripe's product manager for Europe, Middle East and Africa.

(Reporting by Valentina Za; Editing by Keith Weir)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Tech News

Users will have control over generative AI in Windows
Will your device support Apple Intelligence?
Gamers really are better drivers, a new survey reveals
From schoolwork to relationship advice: why might young people use an AI chatbot?
OpenAI CEO says company could become benefit corporation- The Information
Google loses bid to end US antitrust case over digital advertising
Apple, Meta set to face EU charges under landmark tech rules, sources say
New York recovers $50 million for defrauded Gemini Earn crypto investors
Tempus AI shares jump 8% in strong Nasdaq debut as US IPO market thaws
Meta pauses AI models launch in Europe due to Irish request

Others Also Read