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Apple has offered a set of commitments to competition regulators in the European Union aimed at resolving concerns focused on NFC payments and mobile wallet tech on iOS, its mobile operating system. The EU suspects Apple of unfairly favoring its own mobile payment tech, Apple Pay, and squeezing out the ability of rivals to develop competing contactless payment offerings on its mobile platform. The iPhone maker is proposing to let third party mobile wallet and payment service providers gain the necessary access to NFC functionality on iOS devices, free of charge, via a set of APIs without having to use its own Apple Pay or Apple Wallet technologies. ....
BASINGSTOKE, England, September 25, 2023 Juniper Research has found by next year, digital commerce transaction volumes will reach 1.08 trillion globally. ....
Apple is expected to roll out contactless payments technology with iOS 15.4 update, which is likely available to consumers as soon as spring this year. ....