Apple’s offer to open up NFC reportedly to be approved by EU next month

Apple’s offer to open NFC in iPhone to rivals is set to be approved by EU antitrust regulators as soon as next month after it tweaked some of the terms, Reuters reports citing “people familiar with the matter.”
Foo Yun Chee for Reuters:
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Apple’s bid to settle the four-year investigation would help it dodge a finding of wrongdoing and stave off a potential hefty fine that could be as much as 10% of its global annual turnover.
The U.S. tech giant in January offered to let rivals access its NFC on its iPhones, iPads and other Apple mobile devices free of charge without having to use Apple Pay or Apple Wallet, with access based on fair and non-discriminatory criteria.
It also offered to provide additional functionalities including defaulting of preferred payment apps, access to authentication features such as FaceID and a suppression mechanism, and also to set up a dispute settlement mechanism.
Apple was asked to tweak some of the terms following feedback from rivals and customers. The NFC proposal would be for 10 years.
The Commission aims to accept the offer by the summer, with May as the likeliest month although the timing could still change as it waits for Apple to work out the final technical details, the people familiar with the matter said.

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MacDailyNews Take: Done deal.
Interns: Tap That Keg! Prost, everyone!