Apple is serious: iPhone should be paid for
Digital cameras, games consoles, music players and of course mobile phones: iPhones are real jacks of all trades and have already replaced many everyday objects. In the near future, one thing will be added: the cash register. Smaller shopkeepers in particular could benefit from Apple's plans.
Update, February 9, 2022: The rumors have been confirmed. Apple has announced a checkout feature for the iPhone (source: Apple), which is set to launch "later in the year" in the US first. Shopkeepers can then accept payments with their iPhone Xs or newer. This includes not only Apple Pay users, but credit and debit card holders as well as users of other digital wallets such as Google Pay or Samsung Pay. It is not yet known if and when the function will come to Germany.Original message:
In hardly any other industrialized country are coins and notes still as ubiquitous as in Germany. "Cash laughs" is a popular saying, and not for nothing. In addition to historical reasons, the Germans' love of cash can also be explained in practical terms: Cashless payments cannot be made everywhere. Owners of smaller shops in particular shy away from cashless payment options due to the high acquisition and maintenance costs. But Apple could soon jump into this breach.
iPhones are to become checkout terminals
According to media reports, the US group is working on a checkout function for the iPhone (source: Bloomberg). This should allow iPhones to accept cash payments , the mobile phone would become a payment terminal. The technical implementation is to run via the NFC interface built into the device. So far, iPhones can only make payments via Apple Pay, but not receive them.
Practical: The iPhone should not only be able to receive payments from other iPhones, but also from credit cards . Similar to Apple Pay, sending and receiving money would probably take place via touch: Simply hold the iPhone or credit card to the checkout iPhone - done. The sum is already changing hands.
Depending on how high the transaction fees are, Apple could use such a feature to help smaller shopkeepers in particular. Hairdressers, takeaways, food trucks or small clothing stores often shy away from the high costs associated with contactless payments.
How to add a card to Apple Pay:
Apple plans rollout in the coming months
It is unclear when Apple will present the new checkout function and whether the group will work with a well-known payment service provider or set up its own system. "In the coming months," according to insiders, Cupertino should complete the rollout.
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