Apple will conclude a long-running EU antitrust investigation into its mobile payments system by allowing rivals greater access to NFC chips in its devices.
Javier Espinoza for Financial Times:
The European Commission, the executive arm of the EU, charged the iPhone-maker in 2022 with breaking competition law. Brussels regulators had argued the tech company was preventing competitors from accessing “tap-and-go” chips or near-field communication (NFC) to benefit its own Apple Pay system.
But three people familiar with the matter said that regulators had accepted a number of measures that Apple had committed to in January this year.
These include providing developers with free access to its NFC technology on iOS devices and without having to use Apple Pay or Apple Wallet. Brussels officials have been testing these measures, which Apple has offered to keep in place for a decade.
Apple was still ironing out final technical details but a settlement was likely in the next few weeks, said the three people with knowledge of the matter.
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