Insights: Apple Offers Third Parties Access to Mobile Payment Tech in EU
Apple is seeking to resolve the antitrust case brought in 2022 in order to avoid a fine. The commission alleged that Apple was restricting competition by blocking developers of rival mobile wallet apps from accessing the NFC (Near-field Communication) technology used by its Apple Pay system; preventing developers from offering competing services on Apple devices. Apple has offered to allow third-party mobile wallet and payment services providers to access and interoperate through a set of APIs (Application Programming Interfaces) with the NFC functionality on iOS devices free of charge, without having to use Apple Pay or Apple Wallet.
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