Apple Offers to Open iPhone NFC to Competitors in EU

Move could potentially settle EU antitrust charges and avoid substantial fine

Apple has offered to open up its Near-Field Communication (NFC) technology, used for tap-and-go payments, to competitors in the European Union.
The move could potentially settle EU antitrust charges and avoid a substantial fine.
The European Commission is expected to seek feedback from rivals and customers before deciding whether to accept Apple's offer.
Apple Pay, which uses the NFC technology, is currently used by over 2,500 banks and over 250 fintech and challenger banks across Europe.
The EU formally objected to Apple's NFC policy in 2022, stating that it “stifled innovation and prevented competition in the mobile wallet market.”