Apple offers to let rivals access tap-and-go tech in EU antitrust case 

2


Technology

Reuters exclusively reported that Apple (AAPL.O) has offered to let rivals access its tap-and-go mobile payments systems used for mobile wallets, three people familiar with the matter said, a move that could settle EU antitrust charges and stave off a possible hefty fine. The EU competition enforcer last year charged Apple with curbing rivals’ access to its tap-and-go technology, Near-Field Communication (NFC), making it difficult for them to develop rival services on Apple devices. 

Market Impact

The European Commission is likely to seek feedback next month from rivals and customers before deciding whether to accept Apple’s offer, the people said. 

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: Technology

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



Source link