EU antitrust regulators on Thursday accepted the commitments of the apple and allow access to Tap and Go payment technology to other providers free of charge for 10 years.
“The committee has decided to accept the commitments offered by Apple. These commitments address our preliminary concerns that Apple may have unlawfully restricted competition when it comes to iPhone digital wallets,” EU antitrust chief Margrethe Vestager told a news conference.
O Commission Apple Inc. officially launched an antitrust investigation into Apple Pay in 2020. The investigation examined Apple’s terms and conditions for integrating Apple Pay into apps and websites, as well as concerns about tap and go technology and alleged denials of access to Apple Pay.
Apple’s digital wallet lets consumers store virtual debit and credit cards on iPhones, as well as flight reservations. It will now allow third-party developers to access its payment technology to help them build alternative mobile wallets, the Commission said.