EU antitrust regulators accept Apple’s offer to open up mobile payments system

EU antitrust regulators on Thursday accepted Apple’s offer to open its tap-and-go mobile payments system to rivals to settle a four-year long investigation that could have resulted in a hefty fine for the iPhone maker.

“Apple’s final commitments would address its competition concerns over Apple’s restriction of third-party mobile wallet developers’ access to NFC payments in stores for EEA iOS users,” the European Commission said in a statement.