Next up in Apple’s plan for financial domination: Turning iPhones into payment terminals (Update: It’s official)

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Update (February 9, 2022, 11.30AM IST): Last night, Apple officially launched its “Tap to pay” feature that’ll let you turn your iPhones into payment terminals. While the company didn’t specify a roll-out date, it said it’ll be available to merchants across the US with a software update. 

The Cupertino-based company said to use this feature, you’ll have to have an iPhone XS or a later model. The company has already started testing the feature with developers in iOS 15.4 beta, but we don’t know how much functionality is available at the moment. 

Apple's tap-to-pay feature will work with multiple debit and credit cards