"The addition of NFC technology to iPad: Does it herald an upgrade of Apple Pay payment terminal?"

Apple has been exploring ways to turn iPhones into payment terminals. The company will enable NFC technology built into its smartphones, allowing users to receive payments via contactless credit cards, including Apple Pay and other digital wallets.

This will help small businesses accept credit card payments without having to purchase external hardware from a financial company. The feature was developed based on resources from Mobeewave, a mobile payments startup that was acquired by Apple in 2020 for $100 million.

Since the iPhone is the only iOS device with NFC, a short-range communication protocol that supports contactless payments, it makes sense that the entire system would be built with the iPhone in mind. However, there is another Apple device that works perfectly as a payment terminal.

An iPad with NFC could be the ultimate payment terminal.

Of course, Apple wants to target smaller vendors that already have iPhones so they don't have to buy additional devices. But in the long run, the iPad will be a better payment terminal device.

The iPad’s large display not only works perfectly as a payment terminal, but also as a complete system for registering vendors, managing and selling products – and there are already accessories to prove it.

Square is one of the most popular payment platforms, offering products that turn iPhones and iPads into POS (point of sale) terminals. The company has a great app that allows vendors to track all of their sales using iOS devices. The iPad, in particular, also has very nice accessories for placing it in a store as a POS terminal.

If Apple integrated its own POS system with Apple Pay and built it into NFC-enabled iPads. That would be fatal. Details about the new payment system for iPhones are unclear, but Bloomberg has learned from sources that Apple plans to announce the feature when it releases the iOS 15.4 update this spring.

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