Apple may allow rivals to access iPhone tap-and-go payments tech in EU
Apple may allow rivals to access iPhone tap-and-go payments tech in EU
Apple may open its tap-and-go mobile payments system in Europe to settle antitrust charges by the European Commission. The EU accused Apple of restricting access to its Near-Field Communication (NFC) technology, making it difficult for competitors to develop their own mobile wallet services on Apple devices. Apple Pay, partnered with 2,500 banks and 250 fintechs, is a market leader. The European Commission will gather feedback before deciding whether to accept Apple's offer. Tap to Pay on iPhone was launched last year, enabling contactless payments with credit and debit cards.
Apple may open its tap-and-go mobile payments system in Europe to settle antitrust charges by the European Commission. The EU accused Apple of restricting access to its Near-Field Communication (NFC) technology, making it difficult for competitors to develop their own mobile wallet services on Apple devices. Apple Pay, partnered with 2,500 banks and 250 fintechs, is a market leader. The European Commission will gather feedback before deciding whether to accept Apple's offer. Tap to Pay on iPhone was launched last year, enabling contactless payments with credit and debit cards.
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Apple may open its tap-and-go mobile payments system in Europe to settle antitrust charges by the European Commission. The EU accused Apple of restricting access to its Near-Field Communication (NFC) technology, making it difficult for competitors to develop their own mobile wallet services on Apple devices. Apple Pay, partnered with 2,500 banks and 250 fintechs, is a market leader. The European Commission will gather feedback before deciding whether to accept Apple's offer. Tap to Pay on iPhone was launched last year, enabling contactless payments with credit and debit cards. 
