The European Commission has announced its plans to approve Apple’s allegiance to provide its tap-and-go tech mobile payments system to third parties.
Following the news from April 2024, when Apple made public its offer to open up a tap-and-go tech mobile payments system, the European Commission now accepted the firm’s commitments over how it runs Apple Pay, thus settling a competition investigation started in 2022. Also, the move allowed Apple to prevent potential fines due to accusations of breaking competition laws by blocking participants’ access to its technology.
