, Singapore
460 views
Photo from Freepik

Grab launches iPhone tap-to-pay feature

Merchants can accept contactless cards without POS hardware.

Grab has launched a tap-to-pay feature on iPhone that allows merchants to accept in-person contactless payments without using additional point-of-sale (POS) hardware, the company said in a press release.

The service supports contactless debit and credit cards, Apple Pay and other digital wallets, Grab said. Merchants can accept payments by holding a card or compatible device near the iPhone, using near-field communication technology built into the handset.

The feature removes the need for dedicated payment terminals, lowering hardware requirements for in-person transactions, Grab said. 

Payment information is encrypted and protected by the device’s secure element, according to the release. 

Grab said the feature will be available to merchants in selected Southeast Asian markets, subject to device compatibility and regulatory requirements. Merchants can activate the feature through the Grab Merchant App. 

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Finance professionals sideline coding for GenAI
Data visualisation ranks second at 34% whilst process automation reaches 29%.
Western Union rewrites remittance playbook
Dash acquisition supports lending, payments, and other consumer services.
Citi expands AI rollout to Indonesia
The bank says 80% of employees globally have adopted its AI tools.