Apple has launched Tap and Pay on iPhone in Ukraine, allowing independent sellers, small merchants and large retailers in the country to use the iPhone as a payment terminal. Ukraine becomes the seventh region to support Tap Payment, after a similar app was launched in the UK, Australia, Taiwan, Brazil and the Netherlands at the beginning of the year.

The feature was introduced in the United States in February 2022 and allows compatible iPhones to accept payments via Apple Pay, contactless credit and debit cards, and other digital wallets using just an iPhone; No additional hardware or credit card device required.

PrivatBank is the first payment platform in Ukraine to offer Tap and Pay via “iPhone” to its business customers. Apple’s system uses NFC technology for secure authentication of contactless payments, and the function supports PIN code entry, which also includes accessibility options.

“We are excited to launch Tap and Pay on iPhone for entrepreneurs and companies in Ukraine and offer this simple and secure solution that offers greater flexibility in accepting payments for businesses of all sizes, from street vendors to large retailers,” said Gerhard Besch. Chairman of the Board of Directors of PrivatBank. “As the state-owned bank with the largest share of small and medium-sized businesses, we feel a great responsibility to help businesses scale and save money with fast personal payment solutions.”

Tap to Pay on iPhone requires an iPhone XS or later and works just like regular Apple Pay transactions for customers. Sellers just need to open the app, register the sale, and present their iPhone to the buyer; The buyer can then use the appropriate contactless payment method.