'Developers Can Soon Offer In‑App NFC Transactions Using The Secure Element' - Apple Newsroom
Portfolio Pulse from Benzinga Newsdesk
Apple announced that starting with iOS 18.1, developers will be able to offer NFC contactless transactions using the Secure Element from within their own apps on iPhone. This new feature will support various use cases such as in-store payments, car keys, transit, corporate badges, and more. Developers will need to enter into a commercial agreement with Apple and meet certain security and regulatory standards to access the NFC and SE APIs.
August 14, 2024 | 3:37 pm
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Apple's introduction of NFC contactless transactions using the Secure Element in iOS 18.1 could enhance the functionality and appeal of iPhones, potentially driving higher user engagement and app development.
The new NFC and SE APIs will allow developers to integrate contactless transactions directly into their apps, making iPhones more versatile and potentially increasing their attractiveness to consumers. This could lead to higher sales and greater app ecosystem engagement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100