APPLE OFFERS RIVALS ACCESS TO TAP-AND-GO PAYMENT TECH TO RESOLVE EU ANTITRUST CASE

Apple has promised to open up its tap-and-go mobile payment system to rivals, the European Union said, as the U.S. tech company seeks to resolve an antitrust case and avoid a fine that potentially could be worth billions.

- 

Apple proposed letting third-party mobile wallet and payment service providers access the contactless payment function on its iOS operating system, the EU said. The 27-nation bloc now is seeking feedback from “all interested parties” on the changes before making a decision on the case.

The European Commission, the bloc’s executive arm and top antitrust enforcer, accused Apple in 2022 of abusing its dominant position by limiting access to its mobile payment technology.