Apple Agrees to Open iPhone Payments in Landmark EU Deal

Brussels, January 18, 2024 – In a groundbreaking development, Apple has reached an agreement with European regulators to open up its iPhone payments system, potentially reshaping the landscape of mobile payments. This move is a response to an ongoing antitrust investigation by the European Commission, accusing Apple of anti-competitive practices favoring its Apple Pay service.

Apple Opens Up iPhone Payments in Landmark EU Deal

The Proposed Agreement

Under the proposed agreement, pending final approval from the EU, Apple will permit third-party mobile wallet and payment service providers access to the near-field communication (NFC) technology on its iOS operating system. This breakthrough means that competitors like Google Pay and Samsung Pay can now offer tap-and-go payments on iPhones, a capability previously exclusive to Apple Pay.

Shifting Apple’s Dominance

Apple has long maintained a stronghold on the iPhone payments market, with Apple Pay being pre-installed on all iPhones. This exclusivity has granted Apple a significant advantage, limiting the reach of competitors to iOS users. The EU Commission contends that such a closed system has hindered competition and innovation in the mobile payments sector.

Potential Market Impact

While Apple Pay is likely to remain the dominant system on iPhones, the inclusion of rival apps could foster increased competition and potentially lower fees for consumers. Moreover, this move may spur greater adoption of mobile payments, given the expanded accessibility of the technology on iPhones.

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Addressing EU Concerns

Despite Apple’s concession, some experts express skepticism, suggesting that the agreement might not fully address the EU’s concerns. Concerns linger about the possibility of Apple subtly favoring its own Apple Pay service even with rival apps in the market. Additionally, the deal exclusively applies to Europe, raising questions about Apple’s approach in other global markets.

Financial Implications for Apple

The article delves into the potential impact of this agreement on Apple’s revenue. While the company is likely to maintain a strong position, the opening of iPhone payments to competitors may lead to changes in revenue streams and market dynamics.

Rival Payment Companies’ Reactions

An exploration of how rival payment companies are reacting to the news provides insights into the industry’s response. Whether competitors view this as a genuine opportunity or remain cautious about potential biases is crucial to understanding the market dynamics.

Long-Term Implications for Mobile Payments

Lastly, the article discusses the long-term implications of the deal for the mobile payments market. How this agreement shapes the industry landscape and influences consumer behavior could have lasting effects, impacting the trajectory of mobile payments in the years to come.


In conclusion, the EU’s deal with Apple signifies a significant victory for regulators, potentially paving the way for a more competitive and diverse mobile payments market in the future.