Apple Introduces New iPhone Wallet Feature in the UK, Leveraging Open Banking API for Real-Time Account Balances and Transactions

Apple's Wallet Feature Powered by Open Banking API, Allows UK Users to View Account Balances, Recent Transactions, and Apple Pay Expenditures in iOS 17.1 Beta

Apple has quietly rolled out an innovative iPhone Wallet feature in beta exclusively for UK users, offering a convenient and comprehensive view of their current account finances. This feature, powered by the UK’s Open Banking API, is part of Apple’s ongoing efforts to enhance its financial services offerings and follows the recent acquisition of Credit Kudos, a company specializing in Open Banking-based financial insights.