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Apple may face European Union rules to open up payment technology

At present, iPhone and Apple Watch users can only make NFC payments using Apple Pay.

apple, iphone, foxconn
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Natalia Drozdiak | Bloomberg
The European Union is weighing legislation that could force Apple Inc. to open iPhone payment technology to competitors.
 
The potential rules would grant other payment services a right of access to infrastructure such as near-field communication technology embedded in smartphones, the European Commission said Thursday, confirming a Bloomberg report last week.
 
While the EU didn’t explicitly name Apple, it said the “most commonly reported issue” related to mobile device manufacturers restricting third-party access to NFC chips. The components handle wireless signals that allow users to pay via their smartphones or watches at store terminals.
 
At present, iPhone

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First Published: Sep 26 2020 | 1:40 AM IST

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