iPhone users will soon be able to pay with one tap via PayPal and Venmo

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Your iPhone could be one step closer to replacing your wallet after Apple revealed its Tap to Pay technology for contactless mobile payments is partnering with some of the biggest payment companies out there.

The service will soon be offered as an option on the PayPal and Venmo iOS apps, meaning merchants who already use these services will have more ways to accept cashless payments.

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