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The timing of the appearance of a replacement for Apple Pay on iPhone has become known – 2024-05-13 09:09:37

2024-05-13 09:09:37

A replacement for Apple Pay on iPhone will arrive in May. This became known to Reuters, Day.Az reports with reference to Lenta.ru.

According to sources, European Union (EU) regulators are expected to approve technologies that will allow alternative payment instruments to Apple Pay to be added to the iPhone in May. In addition to information about the timing, insiders said that in this way the American corporation will be able to avoid a potentially gigantic fine amounting to up to ten percent of global annual turnover.

Tap-and-go, also called near-field communication technology, will enable contactless payments on iPhone through the use of third-party payment tools. Previously and at this time, payments on iPhone are only available using the built-in Apple Pay service.

In 2022, the European Commission (EC) accused Apple of anti-competitive behavior regarding its Apple Pay mobile service. Reuters sources said that EC specialists are currently agreeing on the technical details of implementing the technology.

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