Apple opens up its NFC technology to developers in a strategic move to avoid EU sanctions
Apple Reaches Agreement with European Union on Tap-and-Go Technology
After years of negotiations, Apple and the European Union have finally come to an agreement regarding tap-and-go technology. This deal will see Apple providing developers access to their NFC technology, as well as features like Face ID authentication and double-click to launch. Notably, this agreement will save Apple from a potential antitrust fine of up to $40 billion.
Competition in the Mobile Payments Sector
As part of the agreement, Apple has also agreed to allow users to set third-party wallets as their default app. This move is aimed at fostering competition within the mobile payments sector. These commitments will be monitored for the next decade by an independent overseer in the European Economic Area.
Ongoing Legal Challenges for Apple
While this agreement is a significant milestone for Apple, the tech giant still faces legal hurdles. Another case involving the Digital Markets Act is currently underway, with the European Commission investigating whether Apple’s 30 percent commission on App Store purchases is in violation of the new law. A final ruling on this matter is expected by March 2025, highlighting the continued legal challenges for Apple in the European market.
