https://how2electronics.com/interfacing-pn532-nfc-rfid-module-with-arduino/
Tested both versions of connection - SPI & IIC which both worked. Needed to pay attention to comment and uncomment the definition for the nfc:
// Or use this line for a breakout or shield with an I2C connection:
Adafruit_PN532 nfc(PN532_IRQ, PN532_RESET); // seem these IRQ and reset pin assignments doesn't matter of IIC setup