Apple will allow contactless payment on its devices

Apple will provide free access to NFC technology for mobile wallet developers and payment service providers. It’s worth noting, Apple’s ban on NFC access on its devices violates Article 102 of the Treaty on the Functioning of the European Union. Apple Pay is the only mobile wallet solution available on iOS for contactless payments in physical stores.

Apple Pay is the only mobile wallet solution available on iOS for contactless payments in physical stores.

Apple has agreed to allow third-party vendors to access and interact via a set of APIs with NFC on iOS devices for free. The company will create APIs to provide equivalent access to NFC components and secure payment data storage technology. The described capabilities will be available to all independent mobile wallet app developers in the EEA and iOS users with an Apple ID. Apple will not prevent these apps from being used for payments in stores outside the EEA. The agreement between Apple and the European Commission will be valid for ten years, and Apple could face fines of up to 10% of the company’s global annual turnover for breach of the agreements.

Apple’s agreement will be valid for ten years, and Apple could face fines of up to 10% of its global annual turnover for breach of the agreements.