Apple Agrees to Open iPhone Payment Tech to Rivals to Resolve EU Antitrust Case

Apple Agrees to Open iPhone Payment Tech to Rivals to Resolve EU Antitrust Case

The European Union has accepted Apple's commitment to open its "tap to pay" iPhone payment system to competitors, resolving an antitrust case and averting a substantial fine. The European Commission had accused Apple of abusing its dominant market position by restricting access to its mobile payment technology. In response, Apple proposed to allow third-party mobile wallet and payment service providers access to the contactless payment function in its iOS operating system. These changes will be enforced for a decade and monitored by a trustee.

The settlement addresses a four-year antitrust investigation by the European Commission, which had previously charged Apple with blocking rival app developers from accessing its tap-and-go technology. The resolution will enable competitors to offer mobile payment services on the iPhone across the EU's 27 member countries, as well as Iceland, Norway, and Liechtenstein. This agreement comes as Apple faces additional investigations under the Digital Markets Act regarding its business practices. Apple's own Apple Pay and Apple Wallet will remain available to users and developers.

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