BT Group and Adyen Introduce Tap to Pay on iPhone for Small Businesses

BT Group and Adyen Introduce Tap to Pay on iPhone for Small Businesses

Time Stamp: March 21, 2024 6:00 AM
BT Group and Adyen Introduce Tap to Pay on iPhone for Small Businesses PlatoBlockchain Data Intelligence. Vertical Search. Ai.

BT Group has announced a significant collaboration today.
Its digital and startup incubation arm, Etc., has partnered with Adyen, the
global financial technology platform, to introduce an innovative solution for
small businesses. The partnership aims to enable small business customers to
accept in-person contactless payments with Tap to Pay on iPhone.

Tap to Pay on iPhone transforms the payment process for
small businesses, eliminating the need for card readers or additional hardware.
With this technology, merchants can accept physical debit and credit cards,
Apple Pay, and other digital wallets.

The BT Tap to Pay app, intuitively designed with input from
small businesses, mobile workers, and sole traders across the UK, prioritizes
the specific needs of SMEs. Alongside facilitating in-person contactless
payments , the app boasts built-in security and privacy features, streamlined
payment history tracking, and a simplified refund process, ensuring a seamless
user experience.

Nicole Olbe, UK Managing Director at Adyen, Source: LinkedIn

Tom Guy, Managing Director, Etc. at BT Group, Source: LinkedIn

Tom Guy, the Managing Director, Etc. at BT Group, said: “Our
partnership with Adyen has allowed us to streamline payment processes for small
businesses across the UK, while providing a quicker and easier way to pay for
their customers, all powered by the UK’s best mobile network, EE and removing
the need for additional touchpoints. Tap to Pay on iPhone and the BT Tap to Pay
app put the power directly into the hands – and phones – of business owners,
providing a fast and seamless way to take payments without reliance on extra
hardware. All that’s needed is an iPhone and the BT Tap to Pay app.”

Partnership Enhances Contactless Payment Availability

This partnership capitalizes on EE’s robust connectivity and
Adyen’s global expertise in mobile payments, promising to make contactless
payments more accessible for customers. Additionally, businesses utilizing the
service will benefit from BT Group’s competitive transaction rate of 1.4% on
customer payments processed.

Apple’s Tap to Pay on iPhone technology adds an extra layer
of security by leveraging the built-in features of the iPhone to safeguard
business and customer data. Notably, Apple does not store card numbers or
transaction information on the device or its servers, ensuring the utmost
privacy for users.

Nicole Olbe, the UK Managing Director at Adyen, said: “Tap
to Pay on iPhone and the BT Tap to Pay app provide a secure and fast checkout
experience that increases mobility on location and allows for a convenient and
secure way to pay for customers. This innovation has simplified in-person
payments and removed the dependence small businesses have faced with payment
hardware.”

BT Group has announced a significant collaboration today.
Its digital and startup incubation arm, Etc., has partnered with Adyen, the
global financial technology platform, to introduce an innovative solution for
small businesses. The partnership aims to enable small business customers to
accept in-person contactless payments with Tap to Pay on iPhone.

Tap to Pay on iPhone transforms the payment process for
small businesses, eliminating the need for card readers or additional hardware.
With this technology, merchants can accept physical debit and credit cards,
Apple Pay, and other digital wallets.

The BT Tap to Pay app, intuitively designed with input from
small businesses, mobile workers, and sole traders across the UK, prioritizes
the specific needs of SMEs. Alongside facilitating in-person contactless
payments , the app boasts built-in security and privacy features, streamlined
payment history tracking, and a simplified refund process, ensuring a seamless
user experience.

Nicole Olbe, UK Managing Director at Adyen, Source: LinkedIn

Tom Guy, Managing Director, Etc. at BT Group, Source: LinkedIn

Tom Guy, the Managing Director, Etc. at BT Group, said: “Our
partnership with Adyen has allowed us to streamline payment processes for small
businesses across the UK, while providing a quicker and easier way to pay for
their customers, all powered by the UK’s best mobile network, EE and removing
the need for additional touchpoints. Tap to Pay on iPhone and the BT Tap to Pay
app put the power directly into the hands – and phones – of business owners,
providing a fast and seamless way to take payments without reliance on extra
hardware. All that’s needed is an iPhone and the BT Tap to Pay app.”

Partnership Enhances Contactless Payment Availability

This partnership capitalizes on EE’s robust connectivity and
Adyen’s global expertise in mobile payments, promising to make contactless
payments more accessible for customers. Additionally, businesses utilizing the
service will benefit from BT Group’s competitive transaction rate of 1.4% on
customer payments processed.

Apple’s Tap to Pay on iPhone technology adds an extra layer
of security by leveraging the built-in features of the iPhone to safeguard
business and customer data. Notably, Apple does not store card numbers or
transaction information on the device or its servers, ensuring the utmost
privacy for users.

Nicole Olbe, the UK Managing Director at Adyen, said: “Tap
to Pay on iPhone and the BT Tap to Pay app provide a secure and fast checkout
experience that increases mobility on location and allows for a convenient and
secure way to pay for customers. This innovation has simplified in-person
payments and removed the dependence small businesses have faced with payment
hardware.”

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