Apple offers rivals access to mobile payment tech in EU antitrust case
Summary
Apple CEO Tim Cook attends the "Senior Chinese Leader Event" held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders Week in San Francisco, California, on November 15, 2023. Apple has offered to give rivals the ability to access and interoperate with its contactless payment tech in an effort to appease antitrust regulators in Europe. Since Apple controls this operating system exclusively, third-party mobile wallet developers access to its payment technology has previously been restricted. In 2022, the European Commission found that since Apple Pay is the only option available to iPhone users, "such exclusionary conduct may restrict competition in the market for mobile wallets on iOS devices." The DOJs case reportedly centers around software and hardware limitations on iPads and iPhones that restrict competition.
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