Apple is set to conclude a lengthy antitrust investigation by the European Union into its mobile payments system by making significant concessions to give competitors access to the iPhone‘s NFC technology, the Financial Times reports.


The European Commission charged Apple in 2022 with violating competition law, contending that Apple was preventing competitors from accessing its near-field communication (NFC) technology to favor Apple Pay. In response to these charges, Apple apparently made several commitments to the European Commission in January, which now appear to have satisfied the regulators.

Citing sources familiar with the matter, the Financial Times claims that Apple agreed to provide third-party developers with open access to the ‌iPhone‌’s NFC. This access is said to not require the use of ‌Apple Pay‌ or Apple Wallet, effectively allowing competitors to create their own contactless payment solutions. London-based payment app Curve has already expressed interest in implementing its own NFC system on the ‌iPhone‌ once the agreement is official. Apple reportedly pledged to maintain this openness for a decade.

The settlement, which is expected to be finalized over the next few weeks, should help Apple avoid a potential fine by the EU that could have been as high as 10% of the company’s global annual revenue. Given Apple’s reported revenue of $383 billion in 2023, the fine could have amounted to approximately $40 billion.

Popular Stories

iOS 18 Adds These 5 New Features to CarPlay

Apple did not mention CarPlay during its WWDC keynote this week, but iOS 18 includes a handful of new features for the in-car software. Overall, there is not a whole lot new for CarPlay on iOS 18, with changes seemingly limited to the Messages and Settings apps so far. Below, we recap everything new for CarPlay on iOS 18. New for CarPlay on iOS 18 1. Contact Photos in Messages App…

See also  Apple's 13-Inch M2 MacBook Air Hits Record Low Prices at Best Buy, Starting at $849

Kuo: Apple Watch Series 10 to Get Larger Screen and Thinner Design

This year’s Apple Watch Series 10 will be thinner and come in larger screen sizes than previous models, according to Apple analyst Ming-Chi Kuo. In his latest industry note -10-and-98075c44ce92″>shared on Medium, Kuo said the screen size options on the next-generation Apple Watch will increase from 41mm to 45mm, and from 45mm to 49mm, while being encased in a thinner design. For reference,…

Apple Developing Thinner MacBook Pro, Apple Watch, and iPhone

Apple intends to slim down the MacBook Pro, Apple Watch, and iPhone, with the new ultra-thin M4 iPad Pro a sign of the company’s new design trajectory, according to Bloomberg’s Mark Gurman. When the M4 iPad Pro was unveiled last month, Apple touted it as the company’s thinnest product ever, and even compared it to the 2012 iPod nano to emphasize its slim dimensions. Writing in the latest …

You Can Give Siri a New Name With iOS 18’s Vocal Shortcuts

Apple in iOS 18 added a Vocal Shortcuts accessibility feature, and now that iOS 18 is available in a beta capacity, users have figured out that this option can be used to give Siri a new wake word. With Vocal Shortcuts, you can assign a custom phrase that Siri can understand to launch shortcuts and complete “complex tasks,” and one of the shortcuts you can set up is an alternative for “Hey…

Here’s What’s New in Apple Wallet on iOS 18 for Event Tickets and More

iOS 18 includes a handful of enhancements to the Wallet app on the iPhone, with new features for Apple Pay, Apple Cash, event tickets, and more. Below, we outline everything new for the Wallet app on iOS 18, based on information from Apple’s press release and a WWDC 2024 coding session. Redesigned Event Tickets Event tickets have an all-new design in the Wallet app on iOS 18, complete…

See also  H1 Humanoid Robot sets new world record for running