Apple is planning to launch a new feature that will allow businesses to accept credit cards and digital payments with just a tap on their iPhones. The feature will use near field communications (NFC) technology for making all types of payments, the company said in a statement.

• Orient Cables Eyes Rs 3,500 Crore Revenue By FY30
• Bangladesh Resumes Indian Wheat Purchases as Black Sea Disruptions Lift Prices
• Central Railway Recovers Rs 140 Crore In Ticket Fines
• Cosmic CRF Unit Bags Rs 25.94 Crore Combined Orders
• Arivihan in Talks to Raise Rs 96 Crore at Rs 570 Crore Valuation

Fintech services like Stripe and Shopify Point will be the first to offer the “Tap to Pay” feature to business customers in the United States, the company added. Apple has been strengthening its fintech services. It launched its own credit card with Goldman Sachs in the year 2019 and is now working on a “buy now, pay later” (BNPL) service.