Apple has introduced a new feature called Tap to Pay, which will be available later this year.
The new feature allows you to turn your iPhone into a payment terminal. All payments will be made using an NFC chip, allowing users to pay using a variety of devices – from iPhone to NFC cards.
Tap to Pay will work as follows: the seller needs to enter the amount on your iPhone and hand over the device to the buyer. He, in turn, must attach his bank card or another smartphone to the smartphone. The process will be no different from paying through a regular terminal.
It is reported that Tap to Pay will only work on relatively new iPhones — starting with iPhone XS and newer. However, Apple promises to give third-party developers the ability to integrate Tap to Pay into their apps.