Apple’s iPhone software has been transformed in recent weeks for all users in the European Union. One of the changes waiting to be implemented is the opening of the tap-and-go mobile payments system to rival companies. And now we know when that’s coming—as soon as May., which says that the change “is set to be approved by EU antitrust regulators as soon as next month after it tweaked some of the terms, people familiar with the matter said.
So, users will be able to choose an app as their default payment app, allowing a bank or other payment provider to use the payment system without Apple being involved as an intermediary. It could also mean that payments on transit systems, which currently go through Apple Pay if you tap in and out at the subway station, for instance, could be re-routed to the transportation company instead.
Apple Pay is a secure and efficient system which has built up trust in iPhone users, for instance, since it was first introduced on the iPhone 6 in 2014 and later on the Apple Watch, Mac and iPad.
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