The iPhone's NFC unlocking whets PayPal's appetite. The online payment platform clearly has a mobile wallet in mind that lets you pay at checkout as easily as Apple Pay.
PayPal Over the years, it has become one of the preferred online payment solutions for millions of users. But when it comes to paying at the checkout at a merchant, Apple Pay or Google Pay are far ahead. On the iPhone in particular, the ease of use of Apple’s payment system is completely unbeatable: just two taps of the power button and the Unlock He does the rest gracefully.
Competition for Apple Pay
However, under pressure from regulators, Apple was forced to open up the NFC chip in its smartphones to compete. First of all, in the European Union, where the manufacturer committed to allowing third-party apps to use NFC technology for contactless payments, for ten years, free of charge. Users will be able to choose the default payment app, other than Apple Maps.
Then in the rest of the world, with this latest announcement allowing third-party developers to access NFC technology and its secure element for contactless mobile payments. This time, the standards are more restrictive and there will be fees to pay.
Read After European Pressure, Apple Opens iPhone NFC to New Countries
All of which brings us to PayPal. The platform’s CEO, Alex Kress, explained during its second-quarter results that, “ Some of the changes coming to Europe around NFC open up opportunities for PayPal, allowing it to [à l’entreprise] To become a player in this sector “, as shown Techcrunch.
In Q1, the same executive had mentioned to investors the idea of a mobile wallet. Easier access to NFC would allow PayPal to Submit a wallet on Android or iPhone The company has been planning both online and offline payment solutions for a while: customers want a multi-channel solution that combines online commerce and contactless transactions.
We may know more on September 9, when Alex Kris is scheduled to speak at a Goldman Sachs conference.
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By: Opera
Techcrunch
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