Apple "Tap-to-Pay"

 Undoubtedly, Apple is inventing and reproducing yearly devices at the perfect stage for each customer. More and more customers are buying apple products since they are user-friendly and have a lot of benefits, such as the Tap-to-pay feature. I believe the Tap-to-Pay quality will positively affect Apple's stocks since customers' demand will increase once this feature is implemented. Customers will want to have contactless payments since it will be much easier on them instead of doing it in the traditional and primitive way. Thus, the customers' demand and Apple's stock will increase.   References: Crail, C., & Adams, D. (September 29, 2022). What is a Contactless Credit Card?. https://www.forbes.com/advisor/credit-cards/contactless-credit-cards/ 

 Its disadvantages are minimal, yet they can be daunting. Since it is contactless payment, few customers may find it challenging to insert their costs or slightly attach their credit/debit cards on the iPhone. Hence, few customers may resort to their traditional ways of making payments by inserting their credit/debit card on a particular device. Furthermore, the Tap-to-pay feature cannot be downloaded on Samsung or any other android related device. The Tap-to-Pay part is only accessible and promoted through iPhone mobiles, limiting the customer's purchases. Also, developing countries such as Africa, Kenya, and Afghanistan, as well as impoverished countries, haven't implemented the Tap-to-Pay Apple feature. Seemingly, contactless payments are overpowering and overcoming contact payments across specific regions.  

 Tap-to-Pay Apple feature offers benefits for iPhone users. First, it is scalable and can be downloaded everywhere and quickly on iPhones. Also, it is user-friendly because it can be effortlessly accessible by accepting contactless payments on a device already in your pocket. In addition, privacy is highly valued and fundamental in developing Apple's payment features. With the Tap-to-Pay feature implemented on Apple, customers' data is secured and protected against cyber-attacks or theft. In other words, all transactions and payments used by Tap-to-Pay are encrypted and processed utilizing the same element that ensures privacy. Thus, Apple monitors your purchases which can make payments be handled comfortably. Moreover, industrialized European countries such as Singapore, the United States, and China are implementing the Tap-to-Pay feature in all financial sections. This benefit contributes to the factor of scalability since the Tap-to-Pay part is expanding and prospering acros...

 As more and more consumers are tapping to pay with digital wallets and credit cards, the Tap-to-Pay feature on iPhone provides iPhone users with a business that can easily enable them to process a purchase with the merchants, and it is considered another payment option for customers of social platforms and app developers to proceed with their payment. Once Apple's Tap-to-Pay feature becomes accessible and available, merchants will be able to unlock contactless payments by using an app on iPhone or later devices such as iPhone X. During the checkout, the merchant will inform the customer to hold their iPhone or apple watch to pay with Apple pay, their contactless credit card or debit card, or any digital device that is near the merchant's iPhone and the payment will be secured entirely through near field communication technology.   References:   Use Apple Pay for contactless payments on iPhone. Google Images. https://www.google.com.lb/search?q=how+does+appl...

Apple has a way of not being the first but instead representing the great implementer of technologies. Apple Inc is a global multinational technology specializing in designing, inventing, and manufacturing smartphones, laptops/computers, tablets, wearable gadgets, and television. On February 8, 2022, Apple announced the "Tap-to-Pay," which empowers millions of US merchants to use their iPhones to accept contactless credits or debit cards through a simple tap on the iPhone with no additional hardware or point of sales needed. Apple will work closely with leading payment platforms and app developers across the payments and commerce industry to offer Tap-to-pay on iPhone to millions of merchants in the US. Tap-to-Pay on iPhone complements and enhances the robust suite of payment and commerce tools that payment platforms and app developers provide to their merchant customers to help grow their business.         Reference: Press Release. Cupertino, California. (Febru...