LONDON (AP) — The European Union on Thursday accepted Apple’s pledge to open its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potentially hefty fine.

The European Commission, the EU’s executive arm and top antitrust enforcer, said it approved the commitments that Apple offered earlier this year and will make them legally binding.

Regulators had accused Apple in 2022 of abusing its dominant position by limiting access to its mobile payment technology.

Apple responded by proposing in…