
Apple promises to obtain approval from the European Union regulatory agency, allowing competitors to use NFC payment technology on the iPhone

Apple Inc. has been approved by the European Commission to allow competitors to use NFC payment technology on the iPhone. Previously, Apple had refused to let competitors use this technology, only allowing payments through its own mobile wallet, Apple Pay. The European Commission believes that Apple's commitments address competition concerns and will open up competition in this field. Starting now, competitors can use the iPhone for mobile payments in stores to effectively compete with Apple Pay. Apple has also committed to expanding the possibility of initiating payments using payment applications on terminal devices in other industries
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