HSBC UK has introduced a Tap to Pay service for small business customers, using payments infrastructure supplied by Stripe.
In a brief statement, Stripe said the product enables eligible merchants to accept contactless payments directly through a compatible smartphone.
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The introduction will eliminate the need for standalone card readers, the statement added.
The service is integrated into the existing HSBC Business Banking mobile application, where business users complete setup. Once activated, the software allows merchants to process supported contactless payment methods.
HSBC UK Global Payment Solutions head Gavin Maclean said: “Tap to Pay gives sole traders and businesses an additional, simple way to take payments using their phone. Helping serve customers wherever business happens.”
Stripe UK & Ireland Revenue and Growth head Marc Fryer said: “Small businesses drive the UK economy, but payment admin slows them down. We can take that hassle away and give them better ways to get paid so they can focus on growing.”
The launch follows Stripe’s announcement earlier this month of an expansion of its Crypto Onramp product through Samsung Wallet in the US.
In the deployment, Stripe’s Crypto Onramp product facilitates USDC stablecoin purchases within the Samsung Wallet Stablecoin Account across “82 million” eligible Galaxy devices.
Stripe oversees identity verification, regulatory compliance, and fraud detection for those transactions, which support ACH, credit and debit cards, and Samsung Pay.
Samsung Pay was also added as an option for merchants using Stripe’s Crypto Onramp.
Earlier this year, the payment processing firm agreed to acquire OpenRouter, an AI model gateway that connects users to different AI models.
The transaction was reportedly worth a little more than $8bn.
