Stripe and HSBC power Tap to Pay for UK small businesses

LONDON-Stripe, the programmable financial services company, is powering a new Tap to Pay offering from HSBC UK, bringing payments infrastructure trusted by some of the world's largest companies to small businesses through their bank.

Eligible HSBC UK small business customers can accept supported contactless payments directly on a compatible smartphone, without an additional card reader. Businesses can get set up in their HSBC Business Banking app.

"Tap to Pay gives sole traders and businesses an additional, simple way to take payments using their phone. Helping serve customers wherever business happens," said Gavin Rees, Head of Innovation Banking at HSBC UK.

"Small businesses drive the UK economy, but payment admin slows them down. We can take that hassle away and give them better ways to get paid so they can focus on growing," said Marc Fryer, Head of Revenue and Growth UK & Ireland at Stripe.