‘Apple opens up payment chip’ … Samsung Pay now available on iPhones

The first application in the US, UK, and Japan
Technically, Samsung Pay is also possible
No mention of Korea or EU, ‘The day when Samsung Pay can be used with an iPhone is getting closer.’,
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Apple CEO Tim Cook [Photo Credit=AFP/Getty Images],
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, ‘On the 14th (local time), Apple announced that starting from iOS 18.1, the new operating system for iPhones, the payment chip on iPhones will be opened to external sources. As a result, in some countries including the United States, it is expected that from as early as the fourth quarter, it will be possible to use a payment method other than Apple Pay on iPhones.’,
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, “Apple has only allowed Apple Pay on its devices such as iPhones until now. It is a ‘tap-and-go’ technology where payment is made by placing it near a payment terminal. It utilizes Near Field Communication (NFC) payment technology, which Apple has not opened up citing security reasons.”,
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, ‘Apple plans to open this up to allow other payment methods from external sources. The target countries include the United States, the United Kingdom, Australia, Brazil, Canada, Japan, and New Zealand. There was no mention of the EU and Korea. This is believed to be because the EU demands that the technology be provided for free.’,
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, ‘However, external companies using NFC chips will have to pay a fee. The scale of the fees was not mentioned. From a technical perspective, this means that Samsung Pay and Google Pay can also be used on iPhones. It is highly scalable. With this technology, apps for public transportation cards, work badges, home and hotel keys, and more can also be developed.’,
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, ‘The new software iOS 18 is scheduled to be released with the introduction of the iPhone 16 next month, so the first update version, iOS 18.1, is expected to be released in the fourth quarter.’,
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, ‘Last month, Margrethe Vestager, the European Commission’s Executive Vice President for Competition, announced that “Apple has promised to allow competitors access to the ‘tap-and-go’ technology on iPhones. This technology access will be provided to competitors for free,” and declared the end of the antitrust investigation into Apple Pay. The Commission added that failure to comply with the promise could result in fines of up to 10% of annual revenue and daily penalties of 5% of turnover.’,
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