Apple settles EU case by opening its iPhone payment system to rivals
Changes will remain in force for a decade after regulators accused tech giant of abusing its dominant market position
The EU on Thursday accepted Apple’s pledge to open its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potentially hefty fine.
The European Commission, the EU’s executive arm and top antitrust enforcer, said it approved the commitments that Apple offered earlier this year and will make them legally binding.