Apple reaches deal with EU regulators to open up mobile payments system to rivals

Apple reaches deal with EU regulators to open up mobile payments system to rivals


The European Union flag displayed on a mobile phone screen in front of the Apple logo on July 2, 2024.

Anadolu | Anadolu | Getty Images

LONDON — EU antitrust regulators on Thursday accepted commitments from Apple to allow access to its tap and go payments technology to rivals, bringing an end to a four-year investigation.

“The commission has decided to accept commitments offered by Apple. These commitments address our preliminary concerns that Apple may illegally have restricted competition when it comes to mobile wallets on iPhones,” EU antitrust chief Margrethe Vestager said in a press conference.

The EU formally launched an antitrust investigation relating to Apple Pay in 2020.

It concluded on Thursday that Apple’s final commitments address concerns regarding the tech giant’s restrictions of allowing third-parties access to NFC payments in stores for some users.

This breaking news story is being updated.



Source

Meta names OpenAI’s Shengjia Zhao as chief scientist of AI Superintelligence Lab
Technology

Meta names OpenAI’s Shengjia Zhao as chief scientist of AI Superintelligence Lab

Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg on Friday said Shengjia Zhao, the co-creator of OpenAI’s ChatGPT, will serve as the chief scientist of Meta Superintelligence Labs. Zuckerberg […]

Read More
Inside Tesla’s new retro-futuristic Supercharger diner
Technology

Inside Tesla’s new retro-futuristic Supercharger diner

Tesla has opened the doors to its first diner Supercharger station in Los Angeles. CEO Elon Musk first teased the concept of building a drive-in themed charging station in 2018. On Monday, that vision was finally realized. Tesla describes the two-story restaurant, constructed of a steel exterior inspired by the Cybertruck, as retro-futuristic. It features […]

Read More
Intel drops 9% as chipmaker’s foundry business axes projects, struggles to find customers
Technology

Intel drops 9% as chipmaker’s foundry business axes projects, struggles to find customers

Lip-Bu Tan, Chief Executive Officer of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel‘s stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business. Concerns about where that leaves Intel’s chip manufacturing business overshadowed […]

Read More