Tulip has added Tap to Pay on iPhone to its omnichannel point-of-sale (POS) system.
Enabled by the company’s partnership with global FinTech platform Adyen, this feature allows businesses to accept in-person, contactless payments — including physical debit and credit cards, Apple Pay and other digital wallets — on an iPhone, Tulip said in a Tuesday (Jan. 10) press release.
No other terminals, readers or hardware are needed, according to the press release.
“The world of retail is constantly innovating and contactless technology is an important element,” Tulip CEO Ali Asaria said in the release. “We are thrilled to be one of the first to offer Tap to Pay on iPhone and see it as part of our commitment to bringing agile and modern technology to retailers and their customers.”
PYMNTS research has found that 36% of consumers surveyed said they preferred to make contactless payments.
This preference is causing retailers to change the payment options they offer, with more than three-quarters of merchants saying they offer contactless payments, according to the “Next-Gen Debit Tracker,” a collaboration between PYMNTS and PULSE, a Discover company.
Mobile wallets were merchants’ most common offerings (63%), followed by touchless card payments (44%) and QR codes (25%), according to the report.
Mobile commerce (mCommerce), which refers to consumers shopping on their mobile phones, is a rapidly growing segment of the eCommerce market, Adyen Vice President of Product, Data and Partnerships Rehman Baig told PYMNTS in an interview posted in June.
“As consumer shopping behaviors continue to change, you’re seeing a rapid shift where mobile-first isn’t just an option anymore. It’s effectively a core requirement,” Baig said at the time.
In addition to being easy to use, the solution provided by Tulip and Tap to Pay on iPhone is secure and private because it uses the iPhone’s built-in features that protect data and do not store card numbers on the device or Apple servers, according to Tulip’s Tuesday press release.
“Tap to Pay on iPhone and Tulip remove the complexities of developing and maintaining a custom payment product by providing a fully certified solution that you can easily enable on your app,” the press release said.
PYMNTS Data: Why Consumers Are Trying Digital Wallets
A PYMNTS study, “New Payments Options: Why Consumers Are Trying Digital Wallets” finds that 52% of US consumers tried out a new payment method in 2022, with many choosing to give digital wallets a try for the first time.
