Apple would comply with European Union instructions by allowing the opening of the iPhone’s NFC chip, although it would not be entirely satisfied
There European Union He doesn’t let go of Apple and is about to conclude its long-running antitrust investigation, now let’s talk about the iPhone’s NFC payment system. According to the Financial Times, concessions will be made to competitors to provide access to said iPhone technology in order to implement other payment systems with the aim of making competition open also in this sense. Remember that the European Commission is currently preparing to indicate whether Apple will be subject to a new fine.
Apple under pressure from EU, next step is mobile payments
The context is clear, the European Commission began to point the finger at Apple in 2022 for violate competition law by preventing competitors from having access to the NFC chip. Otherwise, Apple only supported its payment system, Apple Pay, as the only mobile payment method on iPhone. Since January, those in Cupertino have announced that they will make several changes although it seems that they are not enough.
He agreement by Apple It was energetic, give third-party developers access to the iPhone’s NFC chip so they can create their own payment systems thus avoiding the use of Apple Pay or Wallet. One of the systems that has already raised its hand to work with it is Curve, this is a London-based payment application that is preparing to go into action when it is made official by the EU.
Apple could open up the iPhone’s NFC so there are alternatives to Apple Pay
This agreement is valid for 10 years, so after this period things might change. Apple could consider rejecting this agreement again if it has the necessary elements to demonstrate that it is a violation of users’ privacy, as it has long claimed.
Apple would be (again) sanctioned if it fails to satisfy the EU
The Financial Times discovered last week that Apple could be fined for failing to comply with the Digital Markets Act. Initially, there was talk of a penalty of 5% on overall annual income, but It is likely that the initial 10% mentioned when the said law came into force will be respected..
The fine would be around $40 billion.. Apple’s turnover in 2023 amounted to no more and no less than $383 billion. For its part, the European Commission should be firm in its accusations since the previous report stated that it is unclear what charges Apple would be fined for.
Apple and its problems with the European Union because of the App Store
In addition to mobile payments, The App Store has two weak points with which the Commission is not satisfied. The first is for hinder developers preventing them from directing their users towards offers outside the Apple environment and on the other hand basic technology fees. Apple has time to avoid this sanction. Will they manage to win their case in the weeks to come? In March, they were fined $1.8 billion, although they appealed the decision.
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