Apple is seeking to resolve the antitrust case brought in 2022 and avoid a fine that could run into the billions of dollars.
In brief:
- Apple has moved to head off European Commission antitrust charges by offering third-party party providers access to the NFC chip technology that enables iPhone users to make contactless payments.
- The US giant is offering to allow third-party mobile wallet and payment service providers to access and interoperate the NFC functionality on iOS devices through a set of APIs free of charge, without having to use Apple Pay or Apple Wallet.
- The agreement, which would run for 10 years, would cover all third-party mobile wallet app developers established in the European Economic Area and all iOS users with an Apple ID registered in the EEA.
