Apple has offered a set of commitments to competition regulators in the European Union (EU) aimed at resolving concerns focused on NFC payments and mobile wallet tech on iOS, reports TechCrunch.
The EU has accused the tech giant of unfairly favoring its own mobile payment tech, Apple Pay, and squeezing out the ability of rivals to develop competing contactless payment offerings on its mobile platform.
TechCrunch notes that Apple is proposing to let third party mobile wallet and payment service providers gain the necessary access to NFC functionality on iOS devices, free of charge, via a set of application programming interfaces (APIs) without having to use its own Apple Pay or Apple Wallet technologies.
To address the European Union’s competition concerns, Apple has offered the following commitments:
The commitments offered by Apple would remain in force for ten years. Their implementation would be monitored by a monitoring trustee, who will report regularly to the Commission.
The European Commission is the politically independent executive arm of the European Union. It’s goal is to “promote the general interest of the EU by proposing and enforcing legislation as well as by implementing policies and the EU budget.”
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