Apple Pay replacement coming to iPhone

Apple Pay replacement coming to iPhone

The Verge: Apple allows third-party payment systems to be added to iPhone

The European Commission (EC) spoke about Apple’s proposal to add third-party payment systems to the iPhone. This was reported by The Verge.

The document was published on the website of the European regulator. It says Apple has offered to commit to “addressing competition concerns” related to NFC access on iPhones. Thus, the corporation approved the appearance of a replacement for Apple Pay on the brand’s smartphones – Reuters sources told about this in early December.

The material states that owners of smartphones with an Apple ID registered in a country of the European Economic Area will be able to use third-party payment systems, which will be based on NFC technology on the iPhone. The obligations will be valid for 10 years. Apple also agreed to a fine of up to 10 percent of global annual sales if it defaults.

It is not yet known how payment system operators and Apple’s competitors will react to the EC’s message. It is also not specified when alternative Apple Pay systems may appear on the iPhone.

Previously, Apple relaxed the requirements for applications for iPhone and iPad. The company allowed payment links to third-party resources to be placed in applications, but continued to charge a commission from developers.

Source: Lenta

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