Visa announced that its Tap to Phone technology has grown by 200% over the past year, with the highest adoption rates in the US, UK, and Brazil, where growth reached 234%. The technology enables businesses to accept contactless payments using NFC-enabled smartphones, eliminating the need for traditional point-of-sale devices. Nearly 30% of businesses using Tap to Phone are new small businesses, highlighting its role in expanding access to digital payments.

Small business owners have found the technology to be a game-changer, allowing them to operate more efficiently and improve customer experience. Businesses like The Brooklyn Teacup in New York, Santa Felicidade restaurant in Brazil, and Reuthe’s event space in the UK have integrated Tap to Phone to enhance their operations, reduce wait times, and boost sales.

Visa is also expanding its tap-based solutions with features like Tap to Add Card, which simplifies adding payment cards to digital wallets, and Tap to Send and Request, allowing users to transfer money securely by tapping their card to a phone. Tap to Send will launch later this year as "Tap to Transfer" on Samsung Galaxy devices. The continued growth of tap technology is expected to drive further adoption and innovation in digital payments.