To work-around Apple's draconian NFC for payment rules, many providers aligned on a standard QR-code based solution for payments. I think the Wero service initiative took that even further by having banks work together to support the common format.
As for privacy - at least in Benelux, there are robust laws in place that make it very difficult to even request payment history from personal accounts.
And generally for the EU, all that regulation around GDPR and other data related directives is at play here by default, so there are multiple layers of protections and guardrails to prevent snoopy corporations or other entities from getting such financial info.
As for privacy - at least in Benelux, there are robust laws in place that make it very difficult to even request payment history from personal accounts.
And generally for the EU, all that regulation around GDPR and other data related directives is at play here by default, so there are multiple layers of protections and guardrails to prevent snoopy corporations or other entities from getting such financial info.