EU Set to Approve Apple's NFC Access Policy, Opening iPhone Payment System to Competitors

The European Union is expected to accept Apple's proposal next month, ending a prolonged legal dispute and promoting competition in mobile payments.

Apple's proposal to open its NFC technology to third-party developers in the EU may soon be approved, potentially ending a multi-year legal battle.
The changes will allow users to set third-party apps as their default for NFC-based payments, challenging Apple Pay's dominance.
Developers will need to meet specific standards and obtain necessary licenses to access the NFC capabilities on iPhones.
The agreement, if accepted, will be effective for 10 years, exclusively affecting EU markets.
Apple has been fined by the EU for anti-competitive practices in the past, highlighting ongoing regulatory challenges.