According to Reuters, regulatory authorities in the EU may approve Apple’s plan to open up Mobile Payment apps in the European region, allowing NFC usage on iPhones. Previously, the EU had been investigating allegations of anti-competitive practices.
If the approval goes through, expected to be officially announced in May, Apple will not have to undergo the investigation process, which could result in fines of up to 10% of global revenue. The EU has been investigating Apple for the past two years, citing concerns that Apple Pay limited payment options on iPhones by not allowing other payment apps access to NFC, a fundamental feature. However, Apple has recently reached agreements with developers in the region to enable NFC access.
Source: Reuters
TLDR: EU may approve Apple’s plan to open up Mobile Payment apps in Europe, allowing NFC on iPhones, following previous investigations into anti-competitive practices.
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