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Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say

Economic Times · 1y

EU antitrust regulators are likely to approve Apple's offer to open its mobile payments system to rivals, following tweaks made to the terms. This move by the tech giant is an attempt to settle a four-year investigation by the European Commission, avoiding a potential hefty fine. Apple's offer includes providing free access for other mobile wallets to its near-field communication (NFC) technology, as well as additional functionalities and a dispute settlement mechanism. The proposal is currently under review, with approval expected by May.