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Apple may be opening up its tap-and-go mobile payments system in Europe to avoid potential fines. Apple has reportedly offered to let rivals access its mobile payment technology, Near-Field Communication (NFC), in an attempt to settle antitrust charges filed by the European Commission.
Citing three people familiar with the matter, a report by news agency Reuters said that the EU competition enforcer accused Apple of unfairly restricting access to NFC, making it difficult for competitors to develop their own mobile wallet services on Apple devices.
Apple Pay is one of the leaders in the market, partnering with over 2,500 banks and 250 fintechs in the region.
The European Commission is expected to seek feedback from rivals and customers in January 2024 before deciding whether to accept Apple’s offer. The timing and specifics of the market test remain subject to change.
Tap to Pay on iPhone
Apple launched the contactless payments through Tap to Pay on iPhone in February last year. The company announced Tap to Pay on iPhone with contactless credit and debit cards from leading payment networks.
How to enable tap to pay on iPhone
The feature is available for iPhones running iOS 15.5 or higher.
Citing three people familiar with the matter, a report by news agency Reuters said that the EU competition enforcer accused Apple of unfairly restricting access to NFC, making it difficult for competitors to develop their own mobile wallet services on Apple devices.
Apple Pay is one of the leaders in the market, partnering with over 2,500 banks and 250 fintechs in the region.
The European Commission is expected to seek feedback from rivals and customers in January 2024 before deciding whether to accept Apple’s offer. The timing and specifics of the market test remain subject to change.
Tap to Pay on iPhone
Apple launched the contactless payments through Tap to Pay on iPhone in February last year. The company announced Tap to Pay on iPhone with contactless credit and debit cards from leading payment networks.
How to enable tap to pay on iPhone
The feature is available for iPhones running iOS 15.5 or higher.
- To enable Tap to Pay on iPhone:
- Tap More from the navigation bar at the bottom of your screen
- Tap Settings > Account.
- Select Tap to Pay on iPhone > toggle on Tap to Pay on iPhone.
- Verify the correct Apple ID is shown. If not, choose Use a Different Apple ID.
- Select Agree & Continue to toggle on Tap to Pay on iPhone.
- You can disable Tap to Pay any time by toggling off Tap to Pay on iPhone.
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