Berliner Boersenzeitung - Apple ready to open iPhone tap-to-pay to rivals -- in the EU

EUR -
AED 4.120156
AFN 72.364884
ALL 90.803943
AMD 404.528384
ANG 2.007949
AOA 1029.898611
ARS 1734.077131
AUD 1.621035
AWG 2.022213
AZN 1.906081
BAM 1.955937
BBD 2.253758
BDT 138.979752
BGN 1.960881
BHD 0.42253
BIF 3354.750342
BMD 1.121894
BND 1.432207
BOB 13.298696
BRL 6.180617
BSD 1.118979
BTN 105.025369
BWP 15.374599
BYN 3.350535
BYR 21989.116896
BZD 2.250558
CAD 1.584148
CDF 2570.258612
CHF 0.919678
CLF 0.027618
CLP 1086.958598
CNY 7.486172
CNH 7.481113
COP 3675.536984
CRC 506.835563
CUC 1.121894
CUP 26.855884
CVE 110.270772
CZK 24.341896
DJF 199.263982
DKK 7.475391
DOP 68.084777
DZD 152.624682
EGP 60.451115
ERN 16.828406
ETB 180.792892
FJD 2.526282
FKP 0.835984
GBP 0.834594
GEL 2.90596
GGP 0.835984
GHS 13.075684
GIP 0.835984
GMD 83.020251
GNF 9913.739794
GTQ 8.5506
GYD 234.582278
HKD 8.799058
HNL 30.074574
HRK 7.59411
HTG 146.670291
HUF 362.320075
IDR 20262.354178
ILS 3.543827
IMP 0.835984
INR 104.947573
IQD 1699.668985
IRR 2134162.158274
ISK 137.16221
JEP 0.835984
JMD 177.762473
JOD 0.795385
JPY 177.333286
KES 145.756022
KGS 98.109695
KHR 4566.320402
KMF 492.511066
KPW 1009.704304
KRW 1510.529067
KWD 0.348718
KYD 0.932565
KZT 502.045227
LAK 25242.608639
LBP 100206.73114
LKR 372.066107
LRD 190.233348
LSL 18.477482
LTL 3.31266
LVL 0.678622
LYD 7.190505
MAD 10.932472
MDL 20.170415
MGA 5155.101381
MKD 61.541364
MMK 2355.63634
MNT 4040.44421
MOP 9.037734
MRU 45.421187
MUR 52.76234
MVR 17.288641
MWK 1940.336146
MXN 20.784538
MYR 4.548717
MZN 71.700386
NAD 18.477574
NGN 1510.069344
NIO 41.083519
NOK 10.545145
NPR 168.037795
NZD 1.990812
OMR 0.43133
PAB 1.119079
PEN 3.85047
PGK 5.036742
PHP 70.770227
PKR 310.314733
PLN 4.385572
PYG 6994.490778
QAR 4.090487
RON 5.342349
RSD 117.608052
RUB 92.555869
RWF 1655.516162
SAR 4.218787
SBD 9.084309
SCR 16.429785
SDG 674.81632
SEK 10.994205
SGD 1.434341
SHP 0.834773
SLE 25.747516
SLL 23525.555278
SOS 639.544875
SRD 42.129343
STD 23220.934893
STN 24.501719
SVC 9.791687
SYP 14586.861783
SZL 18.395799
THB 37.502602
TJS 10.272421
TMT 3.937847
TND 3.374093
TOP 2.701251
TRY 56.347225
TTD 7.589533
TWD 36.871595
TZS 2967.406681
UAH 50.976387
UGX 4582.239831
USD 1.121894
UYU 45.123166
UZS 13422.941839
VES 1006.540888
VND 28695.797549
VUV 134.628489
WST 3.11898
XAF 655.957
XAG 0.021165
XAU 0.000272750831
XCD 3.031974
XCG 2.016742
XDR 0.793237
XOF 655.957
XPF 119.331742
YER 265.336214
ZAR 18.376058
ZMK 10098.392022
ZMW 22.743596
ZWL 361.24932
SSP 6446.193262
MXV 2.33655
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Apple ready to open iPhone tap-to-pay to rivals -- in the EU
Apple ready to open iPhone tap-to-pay to rivals -- in the EU / Photo: Nic Coury - AFP/File

Apple ready to open iPhone tap-to-pay to rivals -- in the EU

Apple is prepared to open the iPhone's ability to tap-to-pay to rivals -- in the EU -- after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday.

Text size:

The commission, the European Union's market regulator, said it was weighing Apple's proposal, which was made after Brussels determined that the Cupertino company enjoys a dominant position in iOS mobile wallet transactions by shutting out competitors.

Such transactions rely on technology called Near-Field Communication (NFC) which allows users to tap a smartphone on a vendor's payment terminal instead of a credit card with a microchip.

An Apple spokeswoman told AFP: "We have offered commitments to provide third-party developers in the European Economic Area (EEA) with an option that will enable their users to make NFC contactless payments from within their iOS apps, separate from Apple Pay and Apple Wallet."

This option would be made available in the 27 EU countries plus associated countries Iceland, Liechtenstein and Norway, which together make up the EEA.

"Apple Pay will continue to be a broadly available option, and over 3,000 issuing banks across all EEA countries will still be able to offer the unparalleled privacy and security of Apple Pay, as well as its great user experience," the spokeswoman said.

The European Commission has invited companies in the contactless payments business to comment within a month on Apple's proposal to see if it addresses their competition concerns on getting access to tap-to-pay tech on iPhones and Apple watches.

- Europe only -

The commission said Apple was offering to make NFC on iOS devices available free of charge, and would create interfaces so that competitors could safely store personal payment details for use in their own apps.

Only users with an Apple ID registered in the EEA would be able to make use of these outside apps, though "Apple will not prevent the use of these apps for payments in stores outside the EEA," the commission said in a statement.

That raised a question about how consumers and regulators in non-EU markets, such as the United States, Britain and Australia might view the change, and whether they could push for similar treatment.

The commission noted that, up to now in Europe, "Apple's iPhones run exclusively on Apple's operating system (iOS), with which they form a ‘closed ecosystem'".

In May 2022, the EU executive accused Apple of anti-competitive behaviour by blocking access to NFC on its phones to other companies. That resulted from a probe launched two years earlier after complaints from EU banks.

Brussels has already forced Apple to make changes to its products by legislating for all smartphones in the EU to have USB-C ports.

That saw Apple last year ditch its slower Lightning port on new iPhone models going forward -- but that was a change rolled out worldwide, not just in the European market.

From March this year, Apple and five other tech giants -- Google owner Alphabet, Amazon, Meta, Microsoft and TikTok owner ByteDance -- will be required to abide by a new EU Digital Markets Act putting them up against anti-competitive scrutiny and tougher obligations.

(B.Hartmann--BBZ)