Fiuu, a leading Southeast Asian payments enabler, has teamed up with Apple to introduce Tap to Pay on iPhone in Singapore. This innovative partnership allows merchants to accept contactless payments securely and swiftly through the Fiuu Virtual Terminal app, eliminating the need for additional hardware. The technology supports various payment methods, including contactless credit and debit cards, Apple Pay, and other digital wallets.
This development is particularly significant for small and medium-sized enterprises (SMEs) in Singapore and the broader Southeast Asian region. By adopting this technology, SMEs can compete more effectively with larger retail players by reducing operational costs and enhancing their payment flexibility and scalability. Eng Sheng Guan, CEO of Fiuu, stated, “With the enablement of Tap to Pay on iPhone, payments are no longer tied to fixed locations. This gives businesses the flexibility to serve consumers wherever the interaction happens.”
The Tap to Pay on iPhone feature leverages the iPhone’s built-in security and privacy features, ensuring that business and customer data remain protected. Notably, Apple does not store card numbers or transaction information on the device or its servers, providing peace of mind for both merchants and customers.
Already adopted by brands like Razer, Beutea, and IDS Aesthetics Clinic, this technology is set to transform the payment landscape in Singapore. Merchants can quickly set up and begin accepting contactless payments using an iPhone XS or later, running the latest iOS version.
Fiuu’s collaboration with Apple marks a significant step in the evolution of digital payments, reflecting a shift in customer preferences towards more convenient and universal payment solutions.
