Details on IOS 15.4 “Tap to pay”

Hello,

I couldn’t find any details on the new “tap to pay” feature on the newer iPhones. Can someone please provide some details?

My main questions are:

Can the iPhone 12/13 series receive payments from any payment sources with NFC (Credit/Debit cards with tap to pay, Apple Pay, Samsung Pay, Google Pay, etc.)?

Where do the payments go on when receiving them; can they go to Apple Cash?

Are there transaction fees?

Thanks.

Details on IOS 15.4 “Tap to pay”
 
 
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