Insights

Square Taps into the Canadian Market with iPhone Payment Feature Launch

Pat Crawley
Pat Crawley
22 Min Read
square-taps-into-the-canadian-market-with-iphone-payment-feature-launch

by Tareq Sikder

  • The feature is included in iOS apps like Point of Sale, Retail, and Appointments.
  • Sellers open the app, add the transaction, and buyers complete payment by tapping their contactless method.

Canada

Square has rolled out its Tap to Pay feature on iPhone in Canada, extending its functionality to Square sellers across the country. This move positions Square as one of the first businesses in Canada to introduce this technology, allowing sellers to accept contactless payments directly from their iPhones without the need for additional hardware or payment terminals.

The service, integrated into Square’s iOS apps such as Square Point of Sale, Square for Retail, and Square Appointments, comes at no extra cost, presenting itself as a cost-effective option for entrepreneurs.

Simplifying In-Person Transactions

Through Tap to Pay on iPhone, Square aims to streamline in-person commerce for both new and established businesses. Any Square merchant equipped with a compatible iPhone can accept contactless payments by simply initiating the Square app, adding the transaction, and presenting their iPhone to the buyer. Buyers complete the transaction by tapping their contactless payment method near the seller’s iPhone.

Apple’s Tap to Pay on iPhone technology leverages the iPhone’s built-in features to ensure the privacy and security of businesses’ and customers’ data. Notably, Apple does not store card numbers on the device or its servers during the payment process.

Processors Scramble to Offer Tap to Pay on iPhone As Apple Launches the Technology in Canada – Digital Transactions https://t.co/i7pkjzhudn #taptopayon #iphone #taptopay #Canada #Apple #Square @Square @Apple pic.twitter.com/O5Qfr9RUUF

— Digital Transactions (@DTPaymentNews) May 23, 2024

Expanding Business Opportunities

Saumil Mehta, Head of Product at Square

Saumil Mehta, Head of Product at Square, Source: LinkedIn

This rollout in Canada follows previous launches in the United States, Australia, and the United Kingdom, where Tap to Pay on iPhone has been embraced by a diverse range of sellers, including mobile professionals, retailers, and hairstylists, for its ability to facilitate secure and efficient transactions without additional hardware.

“With Tap to Pay on iPhone, we are further levelling the playing field for businesses of all sizes to be able to start, run and grow,” said Saumil Mehta, Head of Product at Square.

“The Canadian business landscape is competitive and tech savvy, always on the lookout for solutions that can make operating their business more efficient. Tap To Pay on iPhone helps reduce some of the barriers to entry for new businesses, and enables existing sellers to create new ways to sell with nothing more than their iPhone and Square’s software. They can get set up in minutes and begin making sales in seconds.”

Square has rolled out its Tap to Pay feature on iPhone in Canada, extending its functionality to Square sellers across the country. This move positions Square as one of the first businesses in Canada to introduce this technology, allowing sellers to accept contactless payments directly from their iPhones without the need for additional hardware or payment terminals.

The service, integrated into Square’s iOS apps such as Square Point of Sale, Square for Retail, and Square Appointments, comes at no extra cost, presenting itself as a cost-effective option for entrepreneurs.

Simplifying In-Person Transactions

Through Tap to Pay on iPhone, Square aims to streamline in-person commerce for both new and established businesses. Any Square merchant equipped with a compatible iPhone can accept contactless payments by simply initiating the Square app, adding the transaction, and presenting their iPhone to the buyer. Buyers complete the transaction by tapping their contactless payment method near the seller’s iPhone.

Apple’s Tap to Pay on iPhone technology leverages the iPhone’s built-in features to ensure the privacy and security of businesses’ and customers’ data. Notably, Apple does not store card numbers on the device or its servers during the payment process.

Processors Scramble to Offer Tap to Pay on iPhone As Apple Launches the Technology in Canada – Digital Transactions https://t.co/i7pkjzhudn #taptopayon #iphone #taptopay #Canada #Apple #Square @Square @Apple pic.twitter.com/O5Qfr9RUUF

— Digital Transactions (@DTPaymentNews) May 23, 2024

Expanding Business Opportunities

Saumil Mehta, Head of Product at Square

Saumil Mehta, Head of Product at Square, Source: LinkedIn

This rollout in Canada follows previous launches in the United States, Australia, and the United Kingdom, where Tap to Pay on iPhone has been embraced by a diverse range of sellers, including mobile professionals, retailers, and hairstylists, for its ability to facilitate secure and efficient transactions without additional hardware.

“With Tap to Pay on iPhone, we are further levelling the playing field for businesses of all sizes to be able to start, run and grow,” said Saumil Mehta, Head of Product at Square.

“The Canadian business landscape is competitive and tech savvy, always on the lookout for solutions that can make operating their business more efficient. Tap To Pay on iPhone helps reduce some of the barriers to entry for new businesses, and enables existing sellers to create new ways to sell with nothing more than their iPhone and Square’s software. They can get set up in minutes and begin making sales in seconds.”

Tareq Sikder

  • 685 Articles
  • 4 Followers

A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

Finance Magnates Daily Update

Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead.

Keep Reading

More from the Author

FinTech

SuperApps: One App to Rule Them All?

SuperApps: One App to Rule Them All?

SuperApps: One App to Rule Them All?

SuperApps: One App to Rule Them All?

“SuperApps: One App to Rule Them All?” Catch what the experts think about the future of financial services.

“SuperApps: One App to Rule Them All?” Catch what the experts think about the future of financial services.

“SuperApps: One App to Rule Them All?” Catch what the experts think about the future of financial services.

“SuperApps: One App to Rule Them All?” Catch what the experts think about the future of financial services.

More Videos

  • Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.

    Lebowa Capital’s Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.

  • Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets.

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets.

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets.

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets.

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets.

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets.

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on “How to Trade the News.”

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on “How to Trade the News.”

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on “How to Trade the News.”

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on “How to Trade the News.”

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on “How to Trade the News.”

    Doo Prime’s Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on “How to Trade the News.”

  • FMLS:24 exhibition venue is crowded on the second day.

    FMLS:24 exhibition venue is crowded on the second day.

    FMLS:24 exhibition venue is crowded on the second day.

    FMLS:24 exhibition venue is crowded on the second day.

    FMLS:24 exhibition venue is crowded on the second day.

    FMLS:24 exhibition venue is crowded on the second day.

  • Panel Discussion on “Regulation, Trust, and the Future of Trading in Africa”

    Panel Discussion on “Regulation, Trust, and the Future of Trading in Africa”

    Panel Discussion on “Regulation, Trust, and the Future of Trading in Africa”

    Panel Discussion on “Regulation, Trust, and the Future of Trading in Africa”

    Panel Discussion on “Regulation, Trust, and the Future of Trading in Africa”

    Panel Discussion on “Regulation, Trust, and the Future of Trading in Africa”

    Experts discuss the topic “Regulation, Trust, and the Future of Trading in Africa” at FMLS:24

    Experts discuss the topic “Regulation, Trust, and the Future of Trading in Africa” at FMLS:24

    Experts discuss the topic “Regulation, Trust, and the Future of Trading in Africa” at FMLS:24

    Experts discuss the topic “Regulation, Trust, and the Future of Trading in Africa” at FMLS:24

    Experts discuss the topic “Regulation, Trust, and the Future of Trading in Africa” at FMLS:24

    Experts discuss the topic “Regulation, Trust, and the Future of Trading in Africa” at FMLS:24

You Might Also Like

eToro Secures New York License, Eyes Global Expansion

Robinhood Expands Wealth Management Services With $300M TradePMR Acquisition

Revolut Launches UK and EU Stock Trading in 2025 Following FCA Approval

Revolut Expands M&A Team and Rolls Out Revolut X to 30 EEA Markets

Cinkciarz.pl Aims for Banking Future After License Loss, but Regulator Pushes Back

TAGGED:
Share This Article
Leave a comment

New Releases

- Advertisement -
Ad image

Trending Stories