Stripe, HSBC Expand Contactless Payments for UK Small Firms

Stripe and HSBC are expanding contactless payment options for small businesses in the United Kingdom. The companies said the service will help smaller firms accept contactless payments from customers.

The expansion combines Stripe’s payment technology with HSBC’s services for small-business customers. It gives UK businesses another way to accept in-person payments without relying solely on traditional card terminals.

Contactless payments allow customers to pay by tapping a bank card, smartphone or other compatible device. Small businesses can use the option in shops and other settings where customers pay in person.

The companies did not provide details about the scope of the expansion, including which businesses qualify, how much the services will cost or when they will be available to all eligible customers.