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Apple Pay: Apple wants to allow payment services from other providers in the future

In the dispute with the EU Commission over alleged abuse of power, Apple has made new concessions to other developers of mobile wallets and payment services. The group guaranteed direct access to the NFC chip on its devices for contactless payments, according to a statement from the EU Commission. The promises offered will now be monitored by trustees and will be valid for ten years.

Previously, access to the NFC chip was only possible via Apple Pay. The EU saw this as a possible antitrust violation and initiated investigations. Apple is threatened with a high competition fine from the EU.

The European Union’s competition watchdogs have now called on the company’s competitors and other affected parties to provide feedback. They announced that they would submit the proposal to all those involved for consideration.

Banks only got NFC radio chips through Apple

The Commission’s accusation is specifically about Apple specifically hindering competition in the area of mobile payments. If banks want to use their cards for contactless payments, this has so far only been possible via Apple Pay and Apple’s in-house mobile wallet Wallet.

Banks have long criticized this system and stated that they could not get past Apple to provide the NFC chips necessary for mobile payments. These make paying from the phone possible. Apple explained its approach, among other things, with security concerns.

The EU Commission had already initiated a competition investigation into Apple’s blocking of chips in 2020. In 2022, the Brussels competition authority officially accused the company of antitrust violations.

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