Apple reaches take care of EU to open up cell funds system to rivals

The European Union flag displayed on a mobile phone screen in front of the Apple logo on July 2, 2024.

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LONDON — EU antitrust regulators on Thursday accepted commitments from Apple to allow access to its tap and go payments technology to rivals, bringing an end to a four-year investigation.

“The commission has decided to accept commitments offered by Apple. These commitments address our preliminary concerns that Apple may illegally have restricted competition when it comes to mobile wallets on iPhones,” EU antitrust chief Margrethe Vestager said in a press conference.

The EU formally launched an antitrust investigation relating to Apple Pay in 2020.

It concluded on Thursday that Apple’s final commitments address concerns regarding the tech giant’s restrictions of allowing third-parties access to NFC payments in stores for some users.

This breaking news story is being updated.