Teya, a leading financial services provider for local businesses in Europe, has announced a major expansion of its services. Effective today, Teya merchants in nine European countries – the UK, Hungary, Iceland, Czechia, Slovakia, Croatia, Portugal, Italy, and Spain – will be able to accept in-person contactless payments through the Tap to Pay on iPhone feature.
This exciting new feature allows businesses to accept a variety of contactless payment methods, including credit and debit cards, Apple Pay, and other digital wallets, using just their iPhone and the Teya app. This eliminates the need for additional hardware or payment terminals, making it a convenient and cost-effective solution for businesses.
To process a contactless payment, customers simply need to hold their payment method near the merchant’s iPhone, and the transaction will be completed securely using NFC technology. The Tap to Pay on iPhone feature also supports PIN entry, including accessibility options.
Apple’s Tap to Pay on iPhone technology utilizes the built-in features of the device to ensure the privacy and security of customer and business data. When a payment is processed, Apple does not store any card numbers or transaction information on its servers, giving merchants and customers peace of mind.
This integration of Tap to Pay on iPhone by Teya means that their 70,000+ customers across Europe can now accept contactless payments directly through their iPhone, making it easier for businesses of all sizes to accept payments on-the-go. Tiago Gray, Group Product Manager at Teya, expressed excitement about this new feature, stating that “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.”
To enable contactless payment acceptance, merchants can download the Teya app from the App Store on an iPhone XS or later running the latest version of iOS. They can set up the feature quickly and easily, allowing them to start accepting payments in just a few minutes.
For more information on Teya and its services, please visit https://www.teya.com.
About Teya:
Established in 2019, Teya is a financial services provider that caters to over 70,000 local businesses across Europe. Its services include payments, business accounts, and expense management solutions. Teya offers fast settlements, a Teya card with 0.5% cashback, and flexible business funding options of up to £1,000,000, all managed through a single app. The company’s mission is to empower local businesses and help their communities thrive.
Distributed by https://pressat.co.uk/
