Block rises on Apple deal to power tap-to-pay on iPhones
02/06/2022 17:27
** Block Inc's SQ.N shares rise 7% to $87.66 after the
payment firm signs a partnership deal with Apple Inc AAPL.O
for tap-to-pay
** SQ will power tap-to-pay on iPhones and the service will
roll out later this year; It will work on SQ's point-of-sale
(PoS) devices in the market
** Once live, users can tap their iPhones onto a PoS machine
to complete a payment
** In February, AAPL announced plans to launch tap-to-pay
with financial services firm Stripe Inc as its first partner
** SQ shares down 34% this year
(Reporting by Yuvraj Malik)
((yuvraj.malik@thomsonreuters.com))