Apple Proposes Opening NFC Tech to Third-Parties Amid EU Antitrust Probe

The tech giant could face a fine of up to 10% of its global turnover if it fails to honor its commitments. The European Commission is currently seeking feedback on the proposal.

Apple has proposed to the European Commission to allow third-party mobile wallet and payment service providers to access its Near-Field Communication (NFC) technology on iOS devices.
This proposal comes in response to the European Commission's antitrust investigation into Apple Pay, which accused Apple of restricting competition by limiting access to its NFC technology.
If approved, the proposed changes would be in effect for 10 years and would apply to mobile app developers and iOS users within the European Economic Area.
Apple could face a fine of up to 10% of its worldwide turnover if it fails to honor these commitments.
The European Commission is currently seeking feedback from rivals and customers on Apple's proposed changes.