Technology
12 December 2023, 5:21 am 1 minute
Reuters exclusively reported that Apple (AAPL.O) has offered to let rivals access its tap-and-go mobile payments systems used for mobile wallets, three people familiar with the matter said, a move that could settle EU antitrust charges and stave off a possible hefty fine. The EU competition enforcer last year charged Apple with curbing rivals’ access to its tap-and-go technology, Near-Field Communication (NFC), making it difficult for them to develop rival services on Apple devices.
Market Impact
The European Commission is likely to seek feedback next month from rivals and customers before deciding whether to accept Apple’s offer, the people said.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
