The European Union says it's accepting Apple's pledge to open up its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a hefty fine.
In this Oct. 16, 2014 file photo, Apple Pay is demonstrated at Apple headquarters in Cupertino, Calif. LONDON — The European Union says it's accepting Apple's pledge to open up its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a hefty fine.
The Commission had accused Apple in 2022 of abusing its dominant position by limiting access to its mobile payment technology. After Apple tweaked its proposals following testing and feedback, the Commission said it “concluded that Apple’s final commitments would address its competition concerns.”
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