As we all know recently the Tech Giant ‘Apple’ was hit with a $2 billion fine for impeding the competition from Spotify and other music streaming rivals via restrictions on its App Store. This is not new as the company earlier also tried to hamper the competition for its Apple Pay mobile wallet by preventing rival mobile wallet app developers from accessing its tap-and-go technology and the European Commission accused Apple of the same. In 2024, coming months, Apple going to launch Tap-and-Go Technology for the EU (European Union).
2024 Latest- Apple going to launch Tap-and-Go Technology mobile payments system
But now Apple is going to allow rivals access to its NFC on its iPhones, iPads and other Apple mobile devices free of charge without having to use Apple Pay or Apple Wallet. This step was taken because other Tech giants like Samsung and Google have figured out a way to do NFC payments on Android phones and watches which is helpful. This is a highly requested feature in India which forced Apple to make a step.
The Tech Giant Apple is going to launch Offer ‘Tap-and-Go Technology’ which is an NFC-Based technology for the EU (European Union) in the coming months which is great news for the people living there. Along with this technology, Apple will also provide functionality including Face ID support and defaulting of preferred payment apps on an iPhone in the EU.
Tap and pay technology on iPhones refers to a feature called Apple Pay. It allows users to make purchases securely using their iPhone by simply tapping it against a compatible payment terminal at a store. This technology relies on Near Field Communication (NFC) to transmit payment information from the iPhone to the payment terminal, enabling convenient and contactless transactions.
Users can add their credit or debit cards to the Apple Wallet app and authenticate payments using Touch ID, Face ID, or a passcode for added security.
How does Apple Pay work?
Our next question is- How Apple pay works?
Behind the scenes, Apple Pay uses tokenization to replace your actual card details with a unique token, ensuring that your sensitive information is never shared with merchants or stored on Apple’s servers. This enhances security and reduces the risk of fraud.
Apple Pay keeps your card info safe on your iPhone in the Apple Wallet app.
So How to use Apple Pay? When you buy stuff at a store with Apple Pay, just hold your iPhone close to the payment machine. Your iPhone talks to the machine using NFC.
To okay the payment, you can use Touch ID, Face ID, or your passcode. Once you say it’s okay, the payment happens without needing to swipe or insert your card. Apple Pay makes a special code for each buy to keep it safe.
In the background, Apple Pay swaps your real card details for a special code, so stores can’t see your info. This makes it harder for crooks to steal your stuff.
Overall, Apple Pay is a quick, easy, and safe way to pay in stores or online with your iPhone, iPad, Apple Watch, or Mac.
Some information about NFC for the readers
What is NFC (Near Field Communication)?
NFC, which stands for Near Field Communication, is a technology that allows devices to communicate wirelessly when they’re close to each other, usually within a few centimetres. It enables data transfer between devices, such as smartphones, tablets, or contactless payment terminals, by simply bringing them close together or tapping them against each other. NFC is commonly used for various purposes, including mobile payments, sharing files, pairing Bluetooth devices, and accessing information from NFC-enabled tags or stickers.
Apple pay India
How to add a debit card to Apple Wallet India
Steps to be followed when Apply pay is supported in India.
To add a debit card to your Apple Wallet in India, follow these steps:
- Open the “Wallet” app on your iPhone.
- Tap the “+” (plus) sign in the top right corner of the screen.
- Select “Credit or Debit Card” as the card type.
- Use your iPhone’s camera to capture your card details or enter them manually.
- Follow the prompts to verify your card. This might involve receiving a verification code via SMS or email or using your bank’s authentication method.
- Once your card is verified, it will be added to your Apple Wallet, and you can start using it for Apple Pay and other transactions.
Make sure your bank supports Apple Pay and that your debit card is eligible for adding to Apple Wallet. If you encounter any issues, you can contact your bank for assistance.
What are the Top NFC payment apps?
- Google Pay: As one of the leading NFC payment apps, Google Pay has gained widespread popularity for its simplicity and versatility. Compatible with Android devices, Google Pay allows users to add their credit or debit cards, as well as loyalty cards and gift cards, to the app for quick and secure transactions. With its robust security features and seamless integration with other Google services, Google Pay has become a go-to choice for millions of users worldwide.
- Apple Pay: Apple Pay offers a secure and convenient alternative to traditional credit or debit card transactions. By storing card details securely in the Apple Wallet app and leveraging the power of NFC technology, Apple Pay enables users to make contactless payments with ease. With its emphasis on privacy and security, including tokenization and biometric authentication, Apple Pay has garnered a loyal user base and continues to expand its presence in the NFC payment landscape.
- PayPal: While traditionally known for its online payment services, PayPal has also made significant strides in the NFC payment arena. With its mobile app, users can link their bank accounts, credit cards, and PayPal balances to facilitate in-store and online transactions. PayPal’s wide acceptance and reputation for security make it a preferred choice for consumers and merchants alike, bridging the gap between e-commerce and brick-and-mortar retail.
- Amazon Pay: Leveraging its extensive user base and e-commerce ecosystem, Amazon Pay offers a seamless payment experience both on and off the Amazon platform. Users can store their payment methods securely and use them to make purchases at participating merchants, streamlining the checkout process and enhancing convenience. With its robust fraud detection measures and buyer protection policies, Amazon Pay instils confidence among users and fosters trust in the digital payment landscape.
- PhonePe: As one of India’s leading digital payment platforms, PhonePe has emerged as a dominant player in the NFC payment space. Offering a wide range of services, including peer-to-peer transfers, bill payments, and merchant transactions, PhonePe has become an integral part of everyday life for millions of users in India. With its user-friendly interface, quick transaction processing, and innovative features such as QR code payments, PhonePe continues to drive the adoption of digital payments in the country.
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