NFC in the iPhone is chiefly used for Apple Pay
The European Commission is set to approve Apple’s opening up of Apple’s NFC platform to third-party mobile wallets as soon as May, which could help save the iPhone maker from a $40 billion fine.
In January, Apple agreed that it would open up its NFC hardware to any developer for the purposes of performing contactless payments. Months later, it appears that European antitrust regulators are close to determining if it’s enough to get Apple out of legal trouble.
If approved it will help Apple avoid paying a hefty fine to the EU over accusations it held back rivals. That fine, which could be up to 10% of Apple’s global annual turnover, could be valued as much as $40 billion.
