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Fortune
Fortune
David Meyer

Apple loosens its grip on iPhone payments to end EU antitrust case

EU antitrust chief Margrethe Vestager talks to media about 'Apple Pay' in the Berlaymont, the EU Commission headquarters on July 11, 2024 in Brussels, Belgium. (Credit: Thierry Monasse—Getty Images)

Good news for iPhone users: You will no longer have to use Apple Pay for tap-to-pay payments! Apple has decided to give a boost to third-party mobile wallet developers, by finally granting them free access to the handset’s near-field communication (NFC) contactless technology.

Now the bad news: The above does not apply to you if you live outside the European Economic Area, meaning the EU plus Norway, Iceland, and Liechtenstein.

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