London CNN —
Apple has yielded to pressure by European regulators to give rivals access to the contactless payments technology on iPhones, meaning that their users will no longer be limited to the Apple Pay mobile wallet.
The development on the tap-to-pay technology underscores mounting regulatory scrutiny of Apple (AAPL) in the European Union, where it is also facing a potential huge fine for allegedly breaching the bloc’s landmark Digital Markets Act.
The European Commission, the EU’s executive arm, announced this and other changes to Apple’s business practices Thursday, saying they would open up competition in
→ Continue reading at CNN - Business News
