Connect with us

Hi, what are you looking for?

Smart Income LibrarySmart Income Library

Tech News

You may not need Apple Pay to tap and pay with your EU iPhone soon

Image showing an iPhone displaying the Apple Pay screen.
Photo by Victoria Song / The Verge

Apple could soon let developers in the European Union use its tap-to-pay technology. A report from Reuters reveals that EU regulators could sign off on Apple’s proposal to open the payment system next month, putting a two-year-long legal battle to rest.

In 2022, the European Commission accused Apple of abusing “its dominant position in markets for mobile wallets.” It claimed Apple prevented third-party payment apps from using the iPhone’s NFC (near-field communication) hardware “to the benefit of its own solution,” Apple Pay.

The European Commission announced earlier this year that Apple committed to allowing third-party payment providers to freely use the iPhone’s NFC capabilities. Apple’s proposal would also give developers access to…

Continue reading…

You May Also Like

Tech News

The new 2024 VanMoof S5 in Amsterdam where the majority of this UK-owned company still works. | Photo by Thomas Ricker / The Verge...

Editor's Pick

On this week’s edition of Stock Talk with Joe Rabil, Joe explains how to use one SMA to pinpoint great entries in pullback plays,...

Tech News

Rufino Choque, from the Urus Indigenous community, stands over a boat in the middle of the extinct Poopó Lake, which disappeared in 2015. |...


Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the...