Teya, a leading financial services provider for local businesses in Europe, has announced a major expansion of their services. As of today, Teya is enabling merchants across nine European countries to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone.
The nine countries where this service is available include the UK, Hungary, Iceland, Czechia, Slovakia, Croatia, Portugal, Italy, and Spain. With this new feature, Teya’s 70,000+ customers can now accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using just their iPhone and the Teya app.
What makes Tap to Pay on iPhone so convenient is that it requires no additional hardware or payment terminal. At checkout, the merchant simply prompts the customer to hold their contactless payment method near the merchant’s iPhone, and the payment is securely completed using NFC technology. This feature also supports PIN entry, including accessibility options.
One of the biggest advantages of using Tap to Pay on iPhone is the security it offers. Apple’s built-in features keep all business and customer data private and secure. When a payment is processed, Apple does not store any card numbers or transaction information on their servers, giving merchants and customers peace of mind.
Tiago Gray, Group Product Manager at Teya, stated, “Tap to Pay on iPhone further expands the opportunities for our members to experience frictionless payments. This is an important milestone as we look to create a best-in-class financial services platform tailored to help small business owners run, manage, and grow their operations.” Gray also mentioned that this feature is free to set up and easy to use, making it a great solution for small businesses.
To enable contactless payment acceptance, merchants can simply download the Teya app from the App Store on an iPhone XS or later running the latest version of iOS. Within minutes, they can start accepting contactless payments, allowing businesses of all sizes to take payments on the go.
For more information on Teya and their services, please visit their website at https://www.teya.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.