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EU accepts Apple plan to open iPhone tap-to-pay to rivals

AFP . Brussels
11 Jul 2024 15:31:06 | Update: 11 Jul 2024 15:31:06
EU accepts Apple plan to open iPhone tap-to-pay to rivals
-Courtesy/Reuters

The EU on Thursday approved Apple's offer to allow rivals access to the iPhone's ability to tap-to-pay within the bloc, ending a lengthy probe and sparing it a heavy fine.

"From now on, competitors will be able to effectively compete with Apple Pay for mobile payments with the iPhone in shops. So, consumers will have a wider range of safe and innovative mobile wallets to choose from," EU Competition Chief Margrethe Vestager said.

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