- Apple has offered to give rivals access to its contactless payment and mobile wallet technology in an effort to appease antitrust regulators in Europe.
- In 2022, the European Commission found that since Apple Pay is the only option available to iPhone users, it may restrict competition in the market.
- The Commission said Friday that it is looking for feedback on the solutions Apple has proposed.
Apple has offered to give rivals the ability to access and interoperate with its contactless payment tech in an effort to appease antitrust regulators in Europe.
Apple Pay, the company’s mobile wallet feature, allows users to make purchases by simply tapping their iPhones, which run on Apple’s operating system called iOS. Since Apple controls this operating system exclusively, third-party mobile wallet developers’ access to its payment technology has previously been restricted.
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