EU accepts Apple's commitments to open contactless payment technology
5 months, 1 week ago

EU accepts Apple's commitments to open contactless payment technology

China Daily  

BRUSSELS -- The European Commission announced on Thursday that it has accepted Apple's legally binding commitment to allow third-party access to its contactless payment technology, a move aimed at boosting competition in the mobile payment sector. The decision follows a formal antitrust investigation initiated in June 2020, which concluded in 2022 with a preliminary finding that Apple had abused its dominant market position by restricting third-party access to Near-Field Communication, or "tap-and-go", technology on iOS devices. In response, Apple proposed in January 2024 to provide third-party wallet providers free access to the NFC functionality on their devices without requiring them to use Apple Pay or Apple Wallet. Complying with these commitments will save Apple from potential fines, as breaches of EU competition law can result in penalties of up to 10 percent of a company's annual global revenue.

History of this topic

Apple complains Meta requests risk privacy in spat over EU efforts to widen access to iPhone tech
4 days, 10 hours ago
EU accepts Apple pledge to let rivals access ‘tap to pay’ iPhone tech to resolve antitrust case
5 months, 1 week ago
Apple faces £30bn fine over its app store policies after Brussels found the tech giant unfairly blocked developers from steering consumers to alternative payment methods
5 months, 4 weeks ago
Apple Comments About Its Focus On EU's Digital Markets Act Amid Criticism
9 months ago
Apple announces five major changes for iPhones in Europe. Details
10 months, 3 weeks ago
Apple pay tech opened up to rivals in bid to settle European Union probe
11 months ago
Apple offers to let rivals access tap-and-go tech in EU antitrust case
1 year ago
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1 year, 3 months ago
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1 year, 7 months ago
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2 years, 5 months ago
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2 years, 7 months ago
EU Charges Apple With Restricting Third-Party Services On Apple Pay
2 years, 7 months ago
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2 years, 7 months ago
Dutch regulator slaps Apple with another hefty fine over payment processing
2 years, 10 months ago
Dutch watchdog fines Apple 5 mln euros for failure to comply on app store
2 years, 10 months ago
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3 years, 2 months ago
French watchdog warns of big tech's sway over payment services
3 years, 7 months ago

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