EU accepts Apple pledge to let rivals access ‘tap to pay’ iPhone tech to resolve antitrust case

Quick Summary:

LONDON—The European Union on Thursday accepted Apple’s pledge to open its "tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potentially hefty fine.

The European Commission, the EU’s executive arm and top antitrust enforcer, said it approved the commitments that Apple offered earlier this year and will make them legally binding.

LONDON—The European Union on Thursday accepted Apple’s pledge to open its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potentially hefty fine.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesIcelandLiechtensteinNorway

Topics: System Commission Wallet Contactless Mobile Iphone Commitments European Apple Payment Access

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 16:01:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21686112

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 53 posts per day

Year Established: 2005

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News Last Updated: 8 hours ago

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Publisher ID: #37

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