EU Antitrust Chief to Announce Apple's Major Decision on Mobile Payments

EU antitrust chief Margrethe Vestager will hold a press conference to announce that Apple will open its tap-and-go mobile payments system to competitors after a four-year investigation. This decision follows a detailed inquiry by the European Commission.

EU antitrust chief Margrethe Vestager will hold a press conference at 09h00 GMT, the European Commission said on Thursday without providing details.

Vestager is expected to announce that Apple has agreed to open up its tap-and-go mobile payments system to rivals following a four-year long investigation, people with direct knowledge of the matter said.

(With inputs from agencies.)