Upcoming iOS Update Will Allow iPhones to Accept Credit Cards Directly Using NFC

Apple is working on a new payments service that will allow iPhones to accept payments directly on device with no additional hardware, reports Bloomberg. Right now, iPhones can accept credit cards with add-ons like the Square Reader, but Apple's new technology will eliminate the need for a third-party product.

mobeewave
Individuals and small businesses will be able to accept payments with the tap of a debit or credit card on the iPhone, a feature that is likely to use the NFC chip that's already built into Apple's devices.

Apple started developing the hardware-free credit card payment option back in 2020, when it purchased Mobeewave for approximately $100 million. Mobeewave was a startup that created technology for smartphones to accept payments using NFC.

At the time, Mobeewave's website said that sending payments with the Mobeewave app was as simple as inputting a transaction amount and tapping an NFC-enabled card on the back of a smartphone, and Apple's built-in payment feature is likely to work in a similar way.

Bloomberg says it's not yet clear if the payment service will be bundled into Apple Pay, though the team working on the feature has been working within Apple's payments division.

Because current iPhones already have NFC technology, this is not a feature that will be tied to a hardware update. Apple is planning to roll out on-iPhone card payments in the coming months, perhaps including it in the iOS 15.4 update that could launch in the spring.

Related Roundups: iOS 15, iPadOS 15
Related Forum: iOS 15

Top Rated Comments

goobot Avatar
22 weeks ago
Now they just need to add nfc to iPads and they will become the next payment systems
Score: 36 Votes (Like | Disagree)
Bandaman Avatar
22 weeks ago
That would be extremely convenient.
Score: 31 Votes (Like | Disagree)
w4rm Avatar
22 weeks ago
Does that men you could tap two iPhone's together to pay someone?

Or Apple Watch to iPhone? Apple Watch to Apple Watch?
Score: 26 Votes (Like | Disagree)
terminator-jq Avatar
22 weeks ago
So now when my buddies owe me money and they say they don’t have cash on them, I can say “that’s okay I accept debit and credit as well!” What a time to be alive! ?
Score: 24 Votes (Like | Disagree)
ikramerica Avatar
22 weeks ago

This is awesome. Looking forward to trying it out.
Me too. Just tap it against pockets on the subway and your trip is free.
Score: 23 Votes (Like | Disagree)
mapsdotapp Avatar
22 weeks ago
will Apple be able to negotiate a better transaction fee than Stripe et al? if they do, game over!
Score: 21 Votes (Like | Disagree)

Related Stories

tap to pay on iphone credit card

Stripe Launches 'Tap to Pay on iPhone' Beta Program Ahead of 'Spring' Release

Tuesday February 8, 2022 9:28 am PST by
Stripe today announced a closed beta program for Apple's upcoming "Tap to Pay on iPhone" feature, with a sign-up form available on its website. The payment platform said the feature is "coming this spring" in the United States. Tap to Pay on iPhone will allow newer iPhones to accept payments via Apple Pay, contactless credit and debit cards, and other digital wallets, with no additional...
iOS 15 General Feature Purple

Apple Seeds First Betas of iOS 15.4 and iPadOS 15.4 to Developers

Thursday January 27, 2022 10:18 am PST by
Apple today seeded the first betas of upcoming iOS 15.4 and iPadOS 15.4 updates to developers for testing purposes, with the new software coming just a day after the launch of iOS 15.3 and iPadOS 15.3. Developers can download iOS 15.4 and iPadOS 15.4 through the Apple Developer Center or over the air after the proper profile has been installed on an iPhone or iPad. The updates add new...
apple wallet drivers license feature

Three New iOS Features Expected for iPhones Later This Year

Sunday January 30, 2022 6:12 pm PST by
Apple finally enabled Universal Control in the macOS 12.3 and iPadOS 15.4 betas seeded a few days ago, but there are still at least three other features expected to be added to iOS later this year, including support for driver's licenses in the Wallet app. Below, we have listed new features that are planned for future iOS versions, along with a few features that are set to be expanded. Dri...
mir russia apple pay

Apple Closes Loophole That Allowed Mir Cardholders to Use Apple Pay in Russia

Friday March 25, 2022 1:41 pm PDT by
Apple this week suspended its Apple Pay service for the Mir card payment system in Russia, effectively closing a loophole that had allowed Russians to continue to use the Apple Pay service. According to Reuters, Mir had remained connected to Apple Pay even after Apple restricted the use of the payments service in Russia on March 1 for Mastercard and Visa cardholders. Russia's National...
bmw car key photo

iPhone's Car Key Feature Now Supports Select 2022 Genesis and Kia Vehicles [Updated]

Wednesday March 23, 2022 9:03 am PDT by
In 2020, Apple introduced a digital car key feature that allows users to unlock and start a compatible vehicle by bringing an iPhone or Apple Watch near the driver-side door. The feature has been limited to select BMW models since launching. According to Apple, the feature has now expanded to select 2022 vehicle models from Genesis and Kia, which are both divisions of Korean automaker...
iOS App Store General Feature JoeBlue

Apple to Allow In-App Third-Party Payment Options for First Time in the Netherlands

Saturday January 15, 2022 12:39 am PST by
Apple has announced that it will allow third-party payment options for in-app purchases for dating apps in the Netherlands, in the first ever concession of its kind. In a message posted on its developer site late on Friday, Apple announced that it will comply with a Netherlands Authority for Consumers and Markets (ACM) ruling that compels the company to allow third-party payment services to...
iOS 15

Apple Seeds Fifth Betas of iOS 15.4 and iPadOS 15.4 to Developers [Update: Public Beta Available]

Tuesday March 1, 2022 10:04 am PST by
Apple today seeded the fifth betas of upcoming iOS 15.4 and iPadOS 15.4 updates to developers for testing purposes, with the new software coming one week after Apple seeded the fourth betas of iOS 15.4 and iPadOS 15.4. Developers can download iOS 15.4 and iPadOS 15.4 through the Apple Developer Center or over the air after the proper profile has been installed on an iPhone or iPad. iOS...
iOS App Store General Feature JoeBlue

Apple to Collect 27% Commission on Third-Party App Payment Systems in the Netherlands

Friday February 4, 2022 3:16 am PST by
Apple says it will take 27% commission on purchases made in dating apps through third-party payment options in the Netherlands, in compliance with a Dutch regulatory ruling. In an update on its developer support site, Apple said it would collect 27% commission instead of its usual 30% on transactions made in dating apps that use alternative payment methods. Apple says the decreased...

Popular Stories

maxresdefault

M2 13-Inch MacBook Pro With 256GB SSD Appears Slower Than Equivalent M1 in Real-World Speed Tests

Monday June 27, 2022 1:57 pm PDT by
Benchmark testing has indicated that the 256GB variant of the 13-inch MacBook Pro with M2 chip offers slower SSD performance than its M1 equivalent, and now real-world stress testing by YouTuber Max Yuryev of Max Tech suggests that the 256GB SSD in the 13-inch MacBook Pro is also underperforming in day-to day-usage. The M2 MacBook Pro with 256GB SSD and 8GB RAM was slower than the M1 MacBook ...
original iphone 2007

15 Years Ago Today, the iPhone Went On Sale

Wednesday June 29, 2022 4:43 am PDT by
Fifteen years ago to this day, the iPhone, the revolutionary device presented to the world by the late Steve Jobs, officially went on sale. The first iPhone was announced by Steve Jobs on January 9, 2007, and went on sale on June 29, 2007. "An iPod, a phone, an internet mobile communicator... these are not three separate devices," Jobs famously said. "Today, Apple is going to reinvent the...
macbook air m2

Exclusive: Apple Plans to Launch MacBook Air With M2 Chip on July 15

Wednesday June 29, 2022 5:23 pm PDT by
The redesigned MacBook Air with the all-new M2 Apple silicon chip will be available for customers starting Friday, July 15, MacRumors has learned from a retail source. The new MacBook Air was announced and previewed during WWDC earlier this month, with Apple stating availability will begin in July. The MacBook Air features a redesigned body that is thinner and lighter than the previous...
maxresdefault

Video Comparison: M2 MacBook Pro vs. M1 MacBook Pro

Tuesday June 28, 2022 2:45 pm PDT by
Apple last week launched an updated version of the 13-inch MacBook Pro, and it is the first Mac that is equipped with an updated M2 chip. As it's using a brand new chip, we thought we'd pick up the M2 MacBook Pro and compare it to the prior-generation M1 MacBook Pro to see just what's new. Subscribe to the MacRumors YouTube channel for more videos. For the video comparison, we're using the...
iPhone 11 Pro vs iPhone 14 Pro

iPhone 11 Pro vs. 14 Pro: New Features to Expect if You've Waited to Upgrade

Monday June 27, 2022 11:22 am PDT by
With many customers choosing to upgrade their iPhone every two or three years nowadays, there are lots of iPhone 11 Pro users who might be interested in upgrading to the iPhone 14 Pro later this year. Those people are in for a treat, as three years of iPhone generations equals a long list of new features and changes to look forward to. Below, we've put together a list of new features and...
iPhone vs Galaxy Larger

Apple Executive Says Samsung Copied the iPhone and Simply 'Put a Bigger Screen Around It'

Tuesday June 28, 2022 8:59 am PDT by
The Wall Street Journal's Joanna Stern today shared a new documentary about the evolution of the iPhone ahead of the 15th anniversary of the device launching on June 29, 2007. The documentary includes an interview with Apple's marketing chief Greg Joswiak, iPhone co-creator Tony Fadell, and a family of iPhone users. One segment of the interview reflects on Android smartphones gaining larger...
M2 Pro and Max Feature

Apple's Upcoming M2 Pro Chip for High-End MacBook Pro and Mac Mini Will Reportedly Be 3nm

Monday June 27, 2022 7:31 am PDT by
TSMC will manufacture Apple's upcoming "M2 Pro" and "M3" chips based on its 3nm process, according to Taiwanese industry publication DigiTimes. "Apple reportedly has booked TSMC capacity for its upcoming 3nm M3 and M2 Pro processors," said DigiTimes, in a report focused on competition between chipmakers like TSMC and Samsung to secure 3nm chip orders. As expected, the report said TSMC will...
Apple 5G Modem Feature Triad

Kuo: Apple's Work on 5G Modem Chip 'Failed,' Qualcomm to Remain Supplier for 2023 iPhones

Tuesday June 28, 2022 9:06 am PDT by
For the last several years, Apple has been working to develop its own 5G modem chip so that it won't need to rely on Qualcomm as a supplier, but according to Apple analyst Ming-Chi Kuo, Apple's efforts "may have failed." Kuo says that his "latest survey" suggests that development on the chip has stalled, which means Qualcomm would remain the exclusive supplier for 5G chips for the 2023...