Soft Space Partners Tyro to Power Apple’s Tap on Pay for iPhone
by Fintech News Malaysia May 17, 2023Tyro Payments announced that its merchant partners in Australia will now be able to accept in-person contactless payments with Apple’s Tap to Pay on iPhone using the new Tyro BYO app.
The Tyro BYO App is a customised SoftPOS merchant application developed with Malaysian fintech company Soft Space.
Tap to Pay on iPhone accepts contactless payments, including Apple Pay, contactless credit and debit cards and other digital wallets, using only an iPhone and the Tyro BYO app where no additional hardware or payments terminal are needed.
At checkout, customers will need to hold their iPhone or Apple Watch to pay with Apple Pay, their contactless credit or debit card, or other digital wallet near the merchant’s iPhone, and the payment will be securely completed using NFC technology.
Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Apple’s Tap to Pay on iPhone technology also uses the built-in features of iPhone to keep businesses’ and customers’ data private and secure. When a payment is processed, Apple doesn’t store card numbers on the device or on Apple servers.
Tyro provides Australian businesses with payment solutions and value-adding business banking products. The firm has partnered with over 66,800 Australian merchants as of December 2022 and has processed US$21.7 billion in transaction value in the first half of FY23.
Jon Davey
Jon Davey, CEO of Tyro said,
“Tap to Pay on iPhone is a fantastic simple and secure way for new or existing Tyro customers to accept payments using only their iPhone, anytime, anywhere – without the need for additional hardware.
We are excited to provide this new offering to our customers, providing greater flexibility when staff are working on-site or on the move. It couldn’t be simpler. Just download the Tyro BYO app to start accepting customer payments on your iPhone in minutes.”
Jennifer Bailey
Jennifer Bailey, Apple’s Vice President of Apple Pay and Apple Wallet said,
“Now, with Tap to Pay on iPhone it’s easier than ever for businesses of any size to seamlessly accept contactless payments using only their iPhone, wherever they do business.
The convenience of Tap to Pay on iPhone empowers Australian businesses to offer easy, secure, and private contactless payment experiences to their customers, and help them run and grow their business.”
