NFC

PayPal could challenge Apple Wallet in the EU

Fintech /

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 […]

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Apple opens up NFC transactions to developers, but says there will be ‘associated fees’

Fintech /

Facing increasing pressure from regulators, Apple on Wednesday announced it’s opening up NFC transactions to third-party developers. NFC, or near field communication, is the short-range wireless technology that powers Apple Pay and Wallet. Apple’s exclusive access to the iPhone’s NFC capabilities had been under investigation by the European Commission for years for restricting competition in

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