There is no need for a bank card or an ATM. Contactless mutual payment with iPhone is coming.
With an Apple Watch, iPhone (or various Android smartphones) you can simply pay at a pin device via NFC technology. The bank card can therefore remain at home. Especially nice in the summer, when you don’t have a jacket and pockets are scarce. But this development also continues. For example, a development is underway that makes contactless mutual payments with iPhone possible.
As a result, companies do not have to buy an ATM, but can use an iPhone themselves to accept a payment from another NFC device (such as a smartphone or smartwatch). According to Bloomberg the rollout will be rolled out in the coming months by means of a software update. Apple uses technology from the company Mobeewave for this. It is still unclear under which name Apple will launch this new form of contactless payment by iPhone.
The development is mainly aimed at small companies. Investing in, among other things, a debit card machine is a valuable opportunity. Small businesses can benefit from this development in this way. We will undoubtedly hear more about this method of contactless payment with an iPhone in the coming months. Then it will also become clear how this works in detail.
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