PayPal is eyeing the NFC capabilities of iPhones in Europe to develop its own mobile wallet, capitalizing on the changes following Apple's new policies.
CEO Alex Chriss acknowledged the 'changes coming particularly in Europe around NFC' during an earnings call, hinting at new opportunities for PayPal.
The NFC changes will allow PayPal to easily provide a wallet across mobile systems, enhancing connectivity for users and merchants.
With the Digital Markets Act, EU consumers can set third-party wallets as defaults, creating more space for PayPal to innovate outside traditional app confines.
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