It’s bigger incentive for Apple to begin rolling out NFC on iPads though. And for more casual sellers who depend on their iPhone to handle transactions (i.e. small street shops, merch sellers for a small band, etc.) it’s going to be a huge boon when it does roll out.This is interesting but Apple’s lack of NFC support on the iPad is a huge miss here. Most retailers use iPads as registers, so in effect they are still locked into using a third party device like Square‘s NFC Reader.
The second piece is for transactions over $100/$200, chip and pin (USA chip and sign) is still going to be a factor that this can’t replace.
I can’t speak for the rest of the world though I do believe with Apple Pay it’s mostly the case, but at least in most Australian retailers I’ve been to, transactions over $100 over Apple Pay will either simply authorise because the iPhone is considered trusted, or will require a PIN with no inserting a chip card required.