Teya Brings Tap to Pay on iPhone to Merchants across Europe

Today, Teya, the all-in-one financial services provider supporting local businesses across Europe, now enables its merchants across nine European countries — the UK, Hungary, Iceland, Czechia, Slovakia, Croatia, Portugal, Italy and Spain, to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone.

Tap to Pay on iPhone allows businesses to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Teya app— no additional hardware or payment terminal needed.

At checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.

Apple’s Tap to Pay on iPhone technology uses the built-in features of iPhone to keep the business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on Apple servers, so merchants and customers can rest assured that their data stays theirs.*

Teya’s integration of Tap to Pay on iPhone means that their 70,000+ customers across Europe can start accepting contactless payments seamlessly — directly from their iPhone, allowing businesses of all sizes to take payments on-the-go.

“Tap to Pay on iPhone further expands the opportunities for our members to experience frictionless payments,” said Tiago Gray, Group Product Manager at Teya. “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. With Tap to Pay on iPhone, we’re excited to offer this as a free to set-up, easy-to-use solution for our members to take payments wherever they want to.”

Merchants can enable contactless payment acceptance through the Teya app on an iPhone XS or later running the latest version of iOS. They can simply download the Teya app from the App Store and start accepting payments within minutes.

For more information on Teya, please visit https://www.teya.com.

*Encrypted card numbers are temporarily stored on iPhone only for transactions made in Store and Forward mode.

ENDS

About Teya

Founded in 2019, Teya is a financial services provider serving over 70,000 local businesses across Europe with payments, business accounts, and expense management solutions. Teya offers point of sale solutions with fast settlements, business accounts with a Teya card offering 0.5% cashback, and flexible business funding options of up to £1,000,000, all managed through a single Teya app. Teya’s purpose is to empower local businesses for their communities to thrive.