AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
What's New
Apple to Allow Rivals to Access ‘Tap and Go’ Technology
Jul 12, 2024
Apple will allow competitors to access its Tap and Go payment technology on iPhones for the next decade to promote competition in the mobile payments sector following a dispute with the European Commission.
03:33
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Apple is allowing rivals to utilize NFC technology for free, enhancing competition in mobile payments.
- EU regulations are pushing Apple to open up its ecosystem, increasing consumer choices and third-party developer options.
Deep dives
Apple to Allow Rivals Access to TapnGo Technology
Apple's mobile wallet, Apple Pay, will now allow rival companies to use its NFC technology on iPhones for free as per the European Union regulators. This move comes after a two-year dispute between Apple and the European Commission over Apple's payment technology, aiming to prevent market power abuse. The change enables competition in mobile payments, ensuring a variety of mobile wallets for consumers in the EU for at least the next 10 years. Apple's decision to open up NFC technology will also allow developers in Europe to use it for various purposes like car keys and event tickets.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode