Overview

• Apple's concessions include free access to NFC technology for third-party mobile wallets in the European Economic Area.
• The agreement mandates fair, transparent, and non-discriminatory procedures for granting NFC access.
• Apple will also enable features like Host Card Emulation (HCE) mode and allow users to set third-party wallets as default.
• The settlement is binding for ten years and includes mechanisms for monitoring and dispute resolution.
• The U.S. Department of Justice is investigating similar antitrust concerns, potentially leading to broader changes.