Apple Resolves EU Case by Opening iPhone Payment System to Competitors

Thursday, 11 July 2024, 17:34

Apple has settled a significant EU case by agreeing to open up its iPhone payment system to competitors, as regulators accused the tech giant of market dominance abuse. The changes, set to last ten years, reflect a move towards increased competition within the industry. This decision can have far-reaching implications for the mobile payments sector and consumer choice.

Apple Resolves EU Case by Opening iPhone Payment System to Competitors

Apple has settled a significant EU case by agreeing to open up its iPhone payment system to competitors, as regulators accused the tech giant of market dominance abuse.

The changes, set to last ten years, reflect a move towards increased competition within the industry. This decision can have far-reaching implications for the mobile payments sector and consumer choice.


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.


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