Apple is like, “Hey rivals, wanna use NFC too? EU says we should share!”

The European Commission and Apple are finally close to settling their beef over payment technology. Apple has agreed to let third-party mobile wallet providers use its NFC technology for tap-and-go payments. The whole drama started back in 2020 when the Commission accused Apple of stifling competition by restricting access to its tech. Now, Apple is making concessions, allowing third parties to use NFC APIs without needing to use Apple Pay. If approved, this move could shake up the mobile payments game in the European Economic Area. The Commission is taking its time to review Apple’s proposal and get feedback from rivals before giving it the green light. Stay tuned for updates!