HSBC UK launches Tap to Pay for small businesses, powered by Stripe

HSBC UK has launched Tap to Pay for its small business customers. The service is powered by Stripe.

Eligible customers can accept contactless payments directly on a compatible smartphone. No separate card reader is needed. The feature is activated in the HSBC Business Banking app.

Gavin Rees, Head of Innovation Banking at HSBC UK, said it gives sole traders and businesses an additional way to take payments by phone. Marc Fryer, Head of Revenue and Growth UK & Ireland at Stripe, said payment admin slows small businesses down.