Tide and Adyen unite to enhance small businesses payments with Tap to Pay on iPhone. Source: Shutterstock.com

Tide has partnered with Adyen to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app.

Tide is making Tap to Pay on iPhone available to all new and existing Tide merchants with an iPhone. Using only their iPhone, members will be able to accept contactless payments from customers, removing the need for terminals.

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New members joining Tide will soon have Tap to Pay on iPhone automatically enabled in their Tide app, which means they can immediately start accepting payments on their iPhone as soon as they sign up for a Tide business current account.

Tap to Pay on iPhone allows merchants of all sizes to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Tide iOS app, no additional hardware or payment terminal needed.

The ability to accept contactless payments will help new and existing Tide customers with a smoother checkout experience

With Tap to Pay on iPhone at checkout, the merchant will simply prompt the customer to hold their contactless payment near the merchant’s iPhone, and the payment will be securely completed using NFC technology.

Vinay Ramani, Chief Product Officer at Tide, said: “This is a game-changing announcement for small businesses – our new and existing members will be able to use their iPhone to accept contactless payments and they can leave behind expensive hardware. We’re on a mission to save SMEs time and money.

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“Giving them the flexibility to take payments on-the-go as soon as they join Tide can make a real difference to their bottom line. There has been a sharp rise in contactless payments post-pandemic with high inflation also accelerating the demand for Tap to Pay on iPhone. It’s exciting to work with Adyen and bring greater freedom to our members looking to take payments via their own devices.”