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"Apple's NFC Payment Concession to Rivals Resolves EU Antitrust Concerns"

1 min read
Source: The Verge
"Apple's NFC Payment Concession to Rivals Resolves EU Antitrust Concerns"
Photo: The Verge
TL;DR

Apple has offered concessions to the European Commission in response to an antitrust investigation, agreeing to allow third-party mobile wallet and payment providers access to the iPhone's NFC capabilities, ending Apple Pay and Apple Wallet's exclusive access. The proposed commitments, which would be in place for 10 years, aim to address concerns about competition in the mobile payments market. The Commission is seeking feedback on the commitments, and a final decision and potential fine is expected this year.

Topics:businessbusinesstech#antitrust-investigation#apple#businesstech#eu#mobile-payments#nfc-payments
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  1. Apple offers to open iPhone NFC payments to third-party providers after EU investigation  The Verge
  2. EU Commission seeks feedback on Apple offer to let rivals access tap-and-go tech in antitrust case  Reuters
  3. Apple offers rivals access to tap-and-go payment tech to resolve EU antitrust case  The Washington Post
  4. Apple offers to open up NFC payments to rival companies in EU antitrust case  Engadget
  5. Apple Commits to Address EU Antitrust Concerns Over Apple Pay  The Wall Street Journal

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