UK Wants Apple to Open up iPhone Contactless Tech and Charge Lower Fees
The watchdog said lower fees and wider access could boost competition and support open banking for bank-to-bank payments.
- The Competition and Markets Authority proposed forcing Apple to open its NFC chip to Third-party developers, aiming to allow rivals to compete with Apple Pay in the British market.
- CMA Chief Executive Sarah Cardell noted that firms reported 'high fees, strict terms, and technical restrictions' from Apple, making it 'too difficult' to innovate after Apple Wallet held exclusive NFC access.
- David Geale, executive director for consumers, payments and competition at the FCA, welcomed the regulator's steps, stating proposals 'open the door to more innovation, more choice and economic growth' in the British fintech sector.
- Apple rejected the proposal, arguing it risks lowering security standards; the company said its NFC and SE Platform ensures 'sensitive data remains protected' while continuing constructive engagement with The CMA.
- The CMA will close the public consultation on Tuesday November 17; if implemented, the change could facilitate open banking and allow Users to select default wallet apps.
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35 Articles
UK wants Apple to open up iPhone contactless tech and charge lower fees
The UK's Competition and Markets Authority (CMA) has outlined proposals that would force Apple to open up the NFC tech in the iPhone to more third parties, on more favorable terms. According to the regulator, "Apple's fees and rules are blocking UK fintechs and other businesses from innovating and growing." The CMA says it has heard from UK businesses that Apple's current NFC access arrangements may not be commercially viable, that its fees and …
<p>In Britain, they want to loosen Apple's control over contactless payments - which the CMA proposes to lower Apple's fees and remove technical barriers for competitors. The final decision will be made after discussion until 17 November.</p>
Apple Faces UK Pressure to Open iPhone to Rival Wallets
Apple Inc.’s control over the iPhone is blocking fintech rivals from competing with its digital wallet, the UK’s antitrust watchdog said proposing to force the Big Tech firm to open up its its contactless technology.
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