TLDRs:
- Fiuu enables Singapore merchants to accept contactless payments via iPhone easily.
- Tap to Pay supports Apple Pay, cards, and digital wallets on iOS devices.
- Pop-up and mobile vendors benefit from hardware-free payment solutions.
- Independent software vendors can integrate Tap to Pay into their apps.
Singapore merchants now have a faster, simpler way to accept digital payments as Fiuu launches Apple’s Tap to Pay on iPhone.
The new service allows businesses to process contactless cards, Apple Pay, and other digital wallets directly through Fiuu’s Virtual Terminal app, without requiring additional hardware like card readers.
Fiuu, a Southeast Asia-based digital payment processor, said the feature works on iPhone XS and newer devices and can be set up in just a few minutes.
The company reported handling a total payment volume of over US$9.8 billion in FY2024, signaling a strong merchant network ready to adopt contactless technology.
Hardware-Free Payments Simplify Business
For small businesses, pop-up stores, and mobile service providers, Tap to Pay eliminates the need for traditional payment terminals. Merchants can simply use an iPhone to accept payments on the spot.
While this presents convenience, Fiuu advises that merchants verify contactless limits and card compatibility. Some digital wallets and contactless cards may face restrictions, and transaction limits could apply depending on the payment service provider (PSP).
Despite these considerations, the hardware-free approach makes payment acceptance more flexible, particularly for businesses on the move.
Regional Context and PSP Challenges
Apple’s Tap to Pay technology is available in over 40 markets worldwide, including Australia, Japan, and the UAE. However, uptake depends on PSP support. In some regions, such as New Zealand, only a handful of providers, including Adyen, Stripe, and Worldline, offer the service. Singapore may face a similar situation initially, which could influence merchant adoption rates.
Fiuu’s entry into the market positions it as a key facilitator of this shift, providing the infrastructure for merchants to bypass traditional card terminals.
As Tap to Pay expands across the Asia-Pacific region, businesses will increasingly look for reliable PSPs to ensure seamless operations.
Opportunities for Independent Software Vendors
Independent software vendors (ISVs) building retail, hospitality, or field service apps in Southeast Asia can integrate Tap to Pay via platforms like Stripe or Adyen. This opens doors for vertical SaaS providers to offer bundled point-of-sale solutions, combining industry-specific software with Apple’s contactless payments.
Payment consultancies can also capitalize on this transition by assisting merchants who want to move off legacy terminals. Apple provides detailed iOS requirements and setup instructions, making it easier for software providers and consultancies to support a growing base of merchants.
Fiuu Strengthens Singapore’s Digital Payment Ecosystem
Fiuu’s launch of Tap to Pay for iPhone represents a significant step toward a more accessible and hardware-free payments environment in Singapore. By enabling merchants to process digital payments instantly and securely, Fiuu is helping the city-state’s businesses modernize their operations while supporting the broader adoption of Apple’s contactless technology.
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