PayPal could challenge Apple Wallet in the EU
PYPLPayPal(PYPL) TechCrunch·2024-08-21 02:02

PayPal is poised to take advantage of the iPhone’s newly opened-up NFC capabilities by developing a mobile wallet of its own for EU users. Earlier this month, Apple announced it would allow third-party developers to access new NFC (near-field communications) and Secure Element APIs, which today power contactless transactions and payments — like those enabled by Apple Wallet. Though PayPal has not yet explicitly confirmed it will now develop a competing wallet thanks to these new APIs, the company has broadl ...