Shares of Apple on Tuesday 8.02 rose 2% amid anticipation of the launch of the Tap to Pay feature for the iPhone. This feature will allow sellers of goods to receive payments in Apple Pay without using additional hardware.

In other words, the tech giant will offer an alternative to the bulky terminals we all know as the iPhone. This feature will work using NFC contactless payment technology. It will work with Visa, Mastercard, Discover and American Express cards, as well as with Apple Pay itself.