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EU set to approve Apple's plan to open its NFC technology for rivals

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Tsveta, a passionate technology enthusiast and accomplished playwright, combines her love for mobile technologies and writing to explore and reveal the transformative power of tech.

regarding access to the NFC chip on the iPhone. This move aims to foster competition in the contactless payments market. The commission's decision is expected to be officially announced in the coming weeks.

Until now, Apple has tightly controlled access to the NFC contactless chip on the iPhone, citing concerns about user experience, privacy, and security. This has made Apple Pay the dominant contactless payment option on the iPhone, with virtually no competition. Apple's attempt to settle the investigation by altering its policies would enable it to avoid a finding of wrongdoing and fend off a potential significant fine, which could amount to as much as 10% of its global annual turnover.

 

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