Before, only Apple Pay could be used for contactless payments on iPhones. Now, other companies can make their own payment apps that work on iPhones too.
This happened because European officials think Apple has too much power and is not fair to other businesses. They could even fine Apple a lot of money for breaking the rules.
You’ll soon have more choices for paying with your phone. Instead of just using Apple Pay, you can use your favorite mobile wallet app. This means you can keep using all the cool features of your iPhone, like double-clicking and Face ID while paying with your preferred app.
They want to make sure that Apple doesn’t have too much control over how people pay with their phones. This means that people in all the countries in the European Union will be able to use different mobile wallet apps on their iPhones.
Other companies can now easily create apps that let you pay with your iPhone. Plus, you can choose which app you want to use for payments instead of just Apple Pay.
They said Apple was using its power to stop other companies from competing. Apple had to agree to let other companies use the same technology as Apple Pay.
Customers will have more options for paying, and other companies can create new and better payment apps. Officials think most people don’t use their watches to pay, so it won’t make a big difference.
