PayPal says Tap to Pay on Android rolling out for Venmo business users in U.S.

PayPal Holdings announced that Tap to Pay on Android is rolling out for Venmo business profile users in the U.S., enabling them to accept contactless payments directly on their Android mobile devices with no additional hardware or upfront cost. With fewer consumers carrying cash, small businesses are more dependent than ever on the ability to accept card payments. Yet, many small business owners are not set up to cater to this new normal in consumer behavior. Nearly 80 percent of buyers have used contactless payments to complete a purchase, but until now, small businesses have needed to pay for and manage card readers to meet this consumer expectation. That is all set to change with the advent of Tap to Pay technology. With Tap to Pay through Venmo, small businesses in the U.S. will be able to start accepting contactless cards and digital wallets within minutes, directly on their mobile devices with no upfront cost or additional hardware. Venmo business profile users will also be able to manage both their Venmo and card payment transactions directly within the Venmo app, and have all their funds settle into their Venmo account, helping to streamline operations and manage cash flow