EU ACCEPTS APPLE PLEDGE TO LET RIVALS ACCESS 'TAP TO PAY' IPHONE TECH TO RESOLVE ANTITRUST CASE
Techlife News|July 13, 2024
The European Union on Thursday accepted Apple’s pledge to open its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potentially hefty fine.
EU ACCEPTS APPLE PLEDGE TO LET RIVALS ACCESS 'TAP TO PAY' IPHONE TECH TO RESOLVE ANTITRUST CASE

The European Commission, the EU’s executive arm and top antitrust enforcer, said it’s approved the commitments that Apple offered earlier this year and will make them legally binding.

Regulators had accused Apple in 2022 of abusing its dominant position by limiting access to its mobile payment technology.

Apple responded by proposing in January to allow third-party mobile wallet and payment service providers access to the contactless payment function in its iOS operating system. After Apple tweaked its proposals following testing and feedback, the commission said those “final commitments” would address its competition concerns.

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