Apple has agreed to open its mobile wallet tech to rivals, thus avoiding fines in Europe.

The agreement, announced by the European Union (EU) Thursday (July 11), is binding for a decade, letting other companies use the technology free of charge. In doing so, Apple ended an investigation by EU regulators, who said Apple was abusing its market dominance by cutting off access to the technology.

Now, consumers in Europe will be able to use alternative digital wallets to make payments, with the agreement in place for 10 years. Violating the agreement could lead the EU…