Apple is to conclude a long-running EU antitrust investigation into its mobile payments system and avoid a huge fine by making a series of concessions to allow rivals greater access to its contactless technology system.
The European Commission, the executive arm of the EU, charged the iPhone-maker in 2022 with breaking competition law. Brussels regulators had argued the tech company was preventing competitors from accessing “tap-and-go” chips or near-field communication (NFC) to benefit its own Apple Pay system.
But three people familiar with the matter said that regulators had accepted a number of measures that Apple had committed to in January this year.
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