With the rise in contactless payment due to NFC tags in bank cards and mobile phones this is an emerging technology that is now being seen used everyday. Square has been innovating the use of contactless payment throughout the last fifteen years with over thirty different products that have slowly increased the use of contactless payment to the level we see around us today.
In 2017 Square Register and Square Terminal were launched in the US as well as Square expanding to the UK, throughout the next couple of years Square started to brand off into different industries such as retail and hospitality innovating the way payments could be taken with countless different variations.
However in 2022 they launched Tap To Pay on Android and IOS devices which brought in sellers being able to take payments contactlessly with no additional hardware needed but with just the NFC tags held within their mobile phones.
Square’s explanation of their Tap To Pay is:
“Accept contactless cards, Apple Pay and other digital wallets in person with Tap to Pay on iPhone. Available on iPhone XS or above running the latest version of iOS.”
This technology allows small businesses to seamlessly take secure payments for their product no matter what the service or product. It is easily set up with Square’s free to download app and cuts out the cost of having to purchase additional hardware in order to make secure transactions for your business. This technology is revolutionary as it allows literally anyone to take payment with someone's bank through a card or an online wallet on a mobile phone and I look forward to seeing how it develops even further in the future.
