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UK regulator demands Apple open iPhone NFC access for fintech competition

By PulseAugur Editorial · [1 sources] ·

The UK's Competition and Markets Authority (CMA) has proposed new regulations that would require Apple to open up access to its iPhone's near-field communication (NFC) technology. The CMA argues that Apple's current fees and access rules are hindering innovation and competition within the UK's thriving fintech sector. Specifically, the regulator wants Apple to lower its charges and allow third-party developers greater access to NFC, similar to the concessions Apple made in the EU, to foster a more competitive market for mobile payment solutions. AI

RANK_REASON Regulatory action by a major jurisdiction against a dominant tech platform regarding market access. [lever_c_demoted from significant: ic=1 ai=0.4]

Read on Engadget →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

UK regulator demands Apple open iPhone NFC access for fintech competition

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Regulatory action by a major jurisdiction against a dominant tech platform regarding market access. [lever_c_demoted from significant: ic=1 ai=0.4]
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COVERAGE [1]

  1. Engadget TIER_1 English(EN) · [email protected] (Steve Dent) ·

    UK antitrust regulator wants Apple to open up iPhone NFC access

    The UK is taking aim at Apple's near-monopoly on contactless NFC smartphone payments.

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