PayPal Expands Tap to Pay on iPhone to Venmo and Zettle Users

The service now allows U.S. small businesses to accept contactless payments directly on iPhones, eliminating the need for additional hardware.

PayPal has expanded its Tap to Pay on iPhone service to include all U.S. Venmo business profile and PayPal Zettle users, allowing them to accept contactless payments without additional cost or hardware.
The service aims to support small businesses by streamlining operations, managing cash flow, and expanding customer bases by accepting payments from non-Venmo users.
Tap to Pay on iPhone works on iPhone Xs or newer models and uses NFC technology for secure, hardware-free transactions.
The feature's launch in the U.S. follows its introduction for Android phone users eight months prior and competes with similar services like Stripe's Tap to Pay.
PayPal's move reflects a broader trend towards cashless transactions, with research indicating a significant shift in consumer payment preferences towards digital alternatives.