Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulators have confirmed, ending a four-year long investigation that could have resulted in a hefty fine for the iPhone maker.
Apple 's decision to settle the EU antitrust probe marks a rare move by the company which has pushed back against the EU competition watchdog scrutinising its business practices.The Europe an Commission, which acts as the EU antitrust enforcer, said Apple 's offer would be valid for 10 years."From now on, competitors will be able to effectively compete with Apple Pay for mobile payments with the iPhone in shops.
Apple said its offer would give European developers an option to enable tap-and-go payments for car keys, closed loop transit, corporate badges, home keys, hotel keys, merchant loyalty/rewards, and event tickets from within their iOS apps.
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