By: 17 July 2023

Apple’s contactless payment technology offers flexibility for businesses and convenience for consumers

NatWest and Revolut enables Tap to Pay for UK businesses

NatWest and Revolut are two of the first companies to enable Tap to Pay on iPhone for UK businesses.  

Apple’s contactless payment technology means less hardware for businesses and a secure payment for their customers. 

Tap to Pay accepts contactless payments via Apple Pay, contactless cards and other digital wallets.  

NatWest is bringing this feature to merchants though Tyl, a payment provider backed by the bank.  

Revolut is offering this product to its customers with a Pro account, designed for small business owners, and its Business account, for businesses of all sizes.  

Mark Brant, chief payments officer at NatWest, commented: “Customers now expect the convenience and wider choice of using contactless credit or debit cards, as well as digital wallets such as Apple Pay, to make seamless and secure purchases wherever they shop.  

“Equally, entrepreneurs and businesses are always looking for ways to streamline their operations, boost sales and connect with their customers regardless of location, all while benefiting from tech to make their own sales experience seamless.  

“And for aspiring entrepreneurs, you just need a good business idea and an iPhone to start getting paid—enabling a whole new wave of opportunities.” 

James Gibson, general manager of Revolut Business, said: “We are continuously expanding the benefits of the Revolut Business platform, and this is another great tool to support customers to do business seamlessly.”  

Alex Codina, general manager of merchant acquiring at Revolut, added: “The launch of Tap to Pay on iPhone allows us to offer greater choice for both consumers and merchants in the UK. We expect to see all kinds of businesses, from retail stores to barbershops and food stands, quickly start accepting in-person contactless payments with only an iPhone.” 

Image: NatWest 

Josh Poyser
Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.