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

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Speaker 1: is not with the old f poss apparently all the

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Speaker 1: merchant fees. We've got a new tap to pay on

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Speaker 1: iPhone technology. It's TTPOI technology, which is launched locally this

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Speaker 1: week Head of Stripe, New Zealand Ben Hannahs where there's

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Speaker 1: Ben morning.

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Speaker 2: Good morning Mike.

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Speaker 1: Now I've seen this in Australia, So this is the

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Speaker 1: stuff that's come from US at where it's not from Australia,

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Speaker 1: but it's out there in the world already.

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Speaker 2: Yeah, here, it's out there. This launch follows our partnership

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Speaker 2: with Apple and Australia and Europe and the US. S's

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Speaker 2: a technology that's been broadly used around the world.

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Speaker 1: So it is just phone to phone right So in

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Speaker 1: other words, instead of Apple paying as I do at

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Speaker 1: the moment with another machine, it's the merchant's got the phone,

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Speaker 1: I've got the phone. Tappity taps and that's how it works.

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Speaker 2: Well, there's a little bit more to it. So the

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Speaker 2: experience means that a merchant can take any contactless form

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Speaker 2: of payment, whether that's a credit card or a debit

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Speaker 2: card or a digital wallet. They present a strike support

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Speaker 2: it app and then the payment has completed on their

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Speaker 2: mobile phone.

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Speaker 1: Okay, so the guy brings out the phone behind the counter.

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Speaker 1: I pay in any way I currently do, but instead

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Speaker 1: of putting a card into a machine or tapping a machine,

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Speaker 1: I'll just do it with this phone.

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Speaker 2: Yeah, that's right.

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Speaker 1: Okay, what those people and this is in your wheelhouse?

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Speaker 1: I suppose you know those machines where you've got to

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Speaker 1: insert the card still because they don't have payWave and stuff. Yes,

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Speaker 1: what are you going to do there? Does that negate

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Speaker 1: those problems? In other words, when they say it's ta

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Speaker 1: expense have to tap and go, does this negate that

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Speaker 1: cost for a merchant? Yeah?

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Speaker 2: So tax part iPhone businesses cut out the expense and

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Speaker 2: the complexity of having to manage and run traditional FPOs terminals.

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Speaker 2: By using their iPhone. It cuts down on hardware costs,

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Speaker 2: deployment time, and administration. All they do is set up

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Speaker 2: their accounts, download the app, and they can start taking

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Speaker 2: payments really quickly and easily.

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Speaker 1: And when you say iPhone is the equivalent of Android

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Speaker 1: going to be about the place of it isn't already

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Speaker 1: about the.

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Speaker 2: Place, It's already available. So Stripe Taps pay is available

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Speaker 2: for Android devices in New Zealand, making sure that we've

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Speaker 2: got really broad reach across the market.

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Speaker 1: How much is out there right now, how many I'm

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Speaker 1: near personally, I don't think experiences. How much of it's

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Speaker 1: out there right now?

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Speaker 2: Well, Apple launched this yesterday in New Zealand, and we

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Speaker 2: have some really interesting innovative platforms that serve small business

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Speaker 2: like Timely, a QII sounded here and beauty booking system

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Speaker 2: there one of the first companies to offer strip Tap

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Speaker 2: to Pay on iPhone in New Zealand. And then me

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Speaker 2: and you the app table ordering platform that became really

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Speaker 2: popular during COVID. You know, the QR code ordering system

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Speaker 2: they went, they launched yesterday as well.

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Speaker 1: Okay, good stuff, Ben Hannett Technology, It's a wonderful thing sometimes,

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Speaker 1: Head of New Zealand at Stripe.

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Speaker 2: For more from the Micous Breakfast, listen live to News

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Speaker 2: Talk Set B from six am weekdays, or follow the

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Speaker 2: podcast on iHeartRadio.