Apple opens up NFC transactions to developers, but says there will be 'associated fees' | TechCrunch

"Facing increasing pressure from regulators, Apple announced it's opening up NFC transactions to third-party developers, a move prompted by an ongoing EU investigation into competition restrictions in mobile payments."

"Apple is broadening access to markets by initially making its new NFC and SE APIs available in countries like Australia, Brazil, Canada, Japan, and the U.S., with more regions following."

"This decision to allow competitors access to the iPhone's Secure Element was crucial for Apple to avoid a massive antitrust fine that could have reached up to $40 billion."

"The new APIs will enable developers to create innovative wallet products and apps for various in-app contactless transactions, potentially transforming the mobile payments landscape."

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