Ben Hanna: Stripe Head of New Zealand on Apple Pay introducing entirely contactless payments

New Zealanders can now make contactless payments entirely on iPhones. 

Any retailer with a supported iPhone can accept payments from cards or digital wallets. 

It's paid via an app from one of Apple's payments service partners including Stripe, Worldline, Windcave, and ANZ. 

Ben Hanna, Head of New Zealand at Stripe, told Mike Hosking that it cuts down on the costs of running a traditional Eftpos machine. 

He says it cuts down on hardware costs, deployment time, and administration. 

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Episode Transcript

Speaker 1 (00:00):
A bit of tech for your future of small business

(00:02):
is not with the old f poss apparently all the
merchant fees. We've got a new tap to pay on
iPhone technology. It's TTPOI technology, which is launched locally this
week Head of Stripe, New Zealand Ben Hannahs where there's
Ben morning.

Speaker 2 (00:15):
Good morning Mike.

Speaker 1 (00:16):
Now I've seen this in Australia, So this is the
stuff that's come from US at where it's not from Australia,
but it's out there in the world already.

Speaker 2 (00:22):
Yeah, here, it's out there. This launch follows our partnership
with Apple and Australia and Europe and the US. S's
a technology that's been broadly used around the world.

Speaker 1 (00:34):
So it is just phone to phone right So in
other words, instead of Apple paying as I do at
the moment with another machine, it's the merchant's got the phone,
I've got the phone. Tappity taps and that's how it works.

Speaker 2 (00:47):
Well, there's a little bit more to it. So the
experience means that a merchant can take any contactless form
of payment, whether that's a credit card or a debit
card or a digital wallet. They present a strike support
it app and then the payment has completed on their
mobile phone.

Speaker 1 (01:07):
Okay, so the guy brings out the phone behind the counter.
I pay in any way I currently do, but instead
of putting a card into a machine or tapping a machine,
I'll just do it with this phone.

Speaker 2 (01:20):
Yeah, that's right.

Speaker 1 (01:21):
Okay, what those people and this is in your wheelhouse?
I suppose you know those machines where you've got to
insert the card still because they don't have payWave and stuff. Yes,
what are you going to do there? Does that negate
those problems? In other words, when they say it's ta
expense have to tap and go, does this negate that
cost for a merchant? Yeah?

Speaker 2 (01:42):
So tax part iPhone businesses cut out the expense and
the complexity of having to manage and run traditional FPOs terminals.
By using their iPhone. It cuts down on hardware costs,
deployment time, and administration. All they do is set up
their accounts, download the app, and they can start taking
payments really quickly and easily.

Speaker 1 (02:03):
And when you say iPhone is the equivalent of Android
going to be about the place of it isn't already
about the.

Speaker 2 (02:08):
Place, It's already available. So Stripe Taps pay is available
for Android devices in New Zealand, making sure that we've
got really broad reach across the market.

Speaker 1 (02:18):
How much is out there right now, how many I'm
near personally, I don't think experiences. How much of it's
out there right now?

Speaker 2 (02:25):
Well, Apple launched this yesterday in New Zealand, and we
have some really interesting innovative platforms that serve small business
like Timely, a QII sounded here and beauty booking system
there one of the first companies to offer strip Tap
to Pay on iPhone in New Zealand. And then me
and you the app table ordering platform that became really

(02:46):
popular during COVID. You know, the QR code ordering system
they went, they launched yesterday as well.

Speaker 1 (02:52):
Okay, good stuff, Ben Hannett Technology, It's a wonderful thing sometimes,
Head of New Zealand at Stripe.

Speaker 2 (02:58):
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