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 other terms may be onerous, and that the different technical approaches across countries and platforms make it harder to scale and compete.
The…