Apple is about to face some competition in the digital wallet space in Europe as the first alternative to Apple Wallet is gearing up for launch. British company Curve is ready to introduce its competing Wallet app as soon as Apple opens up its contactless payment system for other apps to use.<\/p>\n
According to reports from The Times, Apple is still working out some technical issues, but Curve is all set to go once everything is sorted out. This London fintech company will be the first real challenger to Apple Wallet once the tech giant allows other apps to utilize the iPhone\u2019s NFC chip for payments, as mandated by EU law. Curve believes this change will help banks save millions of euros currently paid in transaction fees to Apple.<\/p>\n
Here\u2019s how Curve\u2019s system will operate:<\/p>\n
\u2013 Download the app and set it as your default payment method
\n\u2013 When you want to make a tap-and-go payment on your iPhone, Curve will be the option that appears<\/p>\n
Currently, Apple Pay is the only option for tap-and-go payments on an iPhone. While Curve claims it will be the first alternative to Apple Wallet, rumors suggest that other companies like Vipps MobilePay are also working on their own options. It\u2019s worth noting that these alternative wallets will initially be available only for iPhone users in Europe.<\/p>\n
In a separate development, the Department of Justice in the US has accused Apple of creating a monopoly with its iPhone. The DOJ argues that Apple\u2019s dominance in the smartphone market makes it challenging for others to introduce alternative digital wallets since they wouldn\u2019t reach many iPhone users. With investigations into Apple\u2019s business practices intensifying, changes might be on the horizon in the US as well.<\/p>","protected":false},"excerpt":{"rendered":"
Apple is about to face some competition in the digital wallet space in Europe as the first alternative to Apple Wallet is gearing up for launch. British company Curve is ready to introduce its competing Wallet app as soon as Apple opens up its contactless payment system for other apps to use. According to reports […]<\/p>\n","protected":false},"author":9,"featured_media":224747631,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":255,"footnotes":""},"categories":[255],"tags":[],"class_list":["post-224747630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apple-tips-news"],"_links":{"self":[{"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/posts\/224747630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/comments?post=224747630"}],"version-history":[{"count":0,"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/posts\/224747630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/media\/224747631"}],"wp:attachment":[{"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/media?parent=224747630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/categories?post=224747630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phonescanada.com\/fr\/wp-json\/wp\/v2\/tags?post=224747630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}