EU Commission Approves Apple's NFC Payment Tech Access for Rivals
Thursday, 11 July 2024, 09:48
Apple's NFC Payment Tech Access Approved by EU Regulator
The European Commission has accepted Apple's commitments to allow competitors access to 'tap and go' NFC payment technology on iPhones.
Key Points:
- Apple's NFC payment technology access approved
- European Commission acceptance of commitments
- Rival access to 'tap and go' NFC technology
- Increase in competition and innovation in mobile payment sector
- Potential for enhanced consumer choice and market dynamism
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.