European Commission to approve Apple's opening up of iPhone tap-to-pay to third parties in May
by GSMArena
GSMArena— iOS 17.4 came out last month with monumental changes for iPhone owners in the EU, including the ability to use third party app stores, and pay for apps and services outside of Apple's App Store. This was made possible by force - namely, the European Digital Markets Act made Apple allow these things, otherwise they never would have happened. A similar case of a 'walled garden' impenetrable to third parties has so far been the ability to pay for stuff using the iPhone's NFC functionality, which...
MacRumors—European Regulators Will Soon Approve Apple's Plan to Open Up Tap-to-Pay to Banks and Payment Providers. As part of the changes introduced in Europe in iOS 17.4, Apple gave third-party payment apps and banks direct access to the NFC chip, allowing for non-Apple Pay tap-to-pay payment options. The European Commission is set to approve Apple's plan to open up tap-and-go mobile payments "as soon as next month," according to Reuters. With NFC access, banks and third-party payment apps can offer contactless payments directly on the iPhone without having to use the Wallet app or Apple Pay. This...
9to5Mac—EU to approve Apple's iPhone NFC chip policy changes, will allow competitors to Apple Pay. The EU commission is set to approve Apple’s previously-announced policy changes regarding access to the NFC chip on the iPhone, with the view of increasing competition in the contactless payments market. The commission’s decision will be officially announced in the coming weeks, via Reuters. With these changes, apps will be allowed to become the default wallet app that appears when users double-click the side button or hold their phone near a payment terminal. However, the relaxation of...
PYMNTS.com—Apple’s App Store and iPhone Challenges May Create Services and Ecosystem Headwinds. Apple reports earnings on Thursday, and we'll get a sense of whether services' revenue momentum will continue.