Apple has proposed to the European Union to open access to the iPhone’s NFC

A new report says that Apple has proposed to the European Union that the iPhone’s NFC system, which is available for the Apple Pay service, be opened up for use by other payment services. This proposal is apparently made in order to reduce anti-competitive charges against this American giant in Europe.
to report ReutersThree sources familiar with the story, who did not want to be named, have announced that Apple has proposed that banks and other alternative payment services, like Apple Pay, have access to the iPhone’s NFC chip at the system level to reduce pressure in the European Union.
Apple wants to reduce the pressure against it in the European Union
Although the exact details of Apple’s proposal are not available, it seems that the company intends to reduce some of the charges against it in the European Union. The European Commission has accused the Cupertinos of implementing anti-competitive policies since Apple Pay was launched in 2015.
However, things got hotter when EU inspectors asked payment service providers to comment on Apple Pay four years ago. They were worried that Apple’s decision to limit the access of competing services to the NFC chip would prevent these companies from doing well in the iPhone payments market.
The European Commission is going to consult with a series of payment service companies about whether to accept the offer or continue with Apple’s antitrust case. If the commission concludes that Apple has violated competition laws, it can fine the company up to 10 percent of its revenue.
The EU isn’t the only entity that has issues with Apple’s NFC payment policies. A group of Australian banks also sought to boycott the service shortly after the launch of Apple Pay to allow third-party use of NFC in Apple products. But finally, the Australian Competition and Consumer Commission rejected their boycott request in 2017.