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In an exciting development for Ukrainian businesses, Apple has introduced Tap to Pay on iPhone, a revolutionary payment solution that transforms iPhones into versatile payment terminals. This game-changing feature enables independent sellers, small-scale merchants, and established retailers across Ukraine to accept payments effortlessly.
Ukraine joins the ranks of seven regions, including the U.K., Australia, Taiwan, Brazil, and the Netherlands, where Tap to Pay has been successfully implemented earlier this year. This dynamic service was first introduced in the United States in February 2022, showcasing Apple’s commitment to redefining payment experiences worldwide.
Tap to Pay eliminates the need for additional hardware or traditional credit card machines. Compatible iPhones become powerful payment tools, accepting a range of payment methods, from Apple Pay to contactless credit and debit cards, and other digital wallets.
PrivatBank, a pioneering payment platform, stands at the forefront of this innovation. It proudly offers Tap to Pay on iPhone to its extensive base of business customers in Ukraine. The system leverages cutting-edge NFC technology to ensure secure authentication of contactless payments. Moreover, it supports PIN entry, incorporating accessibility features for a seamless experience.
Gerhard Boesch, Chairman of the board of PrivatBank, expressed his enthusiasm, stating, “We are delighted to launch Tap to Pay on iPhone for entrepreneurs and businesses in Ukraine… offering greater flexibility for accepting payments for businesses of all sizes, from street vendors to large retailers.” With a deep-seated commitment to supporting small and medium-sized businesses, PrivatBank is paving the way for growth and savings through swift, in-person payment solutions.
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Tap to Pay on iPhone is compatible with iPhone XS and newer models, ensuring accessibility for a wide user base. For sellers, the process is as straightforward as a regular Apple Pay transaction. They simply open the app, register the sale, and present their iPhone to the buyer, who can then conveniently complete the payment using a suitable contactless method.