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Insider: Apple opens payment system for rivals under EU pressure

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Published: December 13th, 2023,
Last updated: May 28th, 2025

A man pays with his Apple Watch.

Under pressure from the EU, Apple is opening its cell phone payment system to competing payment processors in the future, according to insiders. Several people familiar with the matter told the Reuters news agency on Tuesday that the US company wanted to settle an antitrust dispute and avoid the threat of a billion-euro fine. The European antitrust watchdogs accuse the iPhone provider of hindering competition by restricting access to its technology for contactless payments with cell phones.

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