Apple is soft launching a new iPhone Wallet app integration today that is powered by the United Kingdom’s Open Banking API. The Wallet app will now be able to show the user’s current account balance from their bank, as well as a history of deposits and payments.
Scary for them.
It’s got me pondering about the logic, I mean with Apple Wallet Preinstalled, (it’s going to the very first case of a preinstalled light weight aggregator as it shows transactions not made through the wallet app) if you think about it eccentricly…
I don’t think this will be used.