Apple Pay Tech Opened Up to Rivals in Bid to Settle EU Probe
- Apple makes EU offer to stave off abuse-of-dominance concerns
- Offer would open up access to iOS tap-to-pay technology
An Apple pay mobile payment.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
Apple Inc. vowed to open up its coveted tap-to-pay technology on iPhones to rivals in a bid to sidestep potentially massive European Union antitrust fines.
The European Commission announced on Friday that the US tech giant has pitched a 10-year offer to give other “mobile wallet” providers access to its closely guarded payments chip on Apple devices.