StocksMedium•16 October 2026•
1 min read
UK Regulator Plans to Force Apple to Open iPhone Tap-to-Pay to Rivals
Key Facts
1The UK Competition and Markets Authority plans to force Apple to allow rival payment providers access to its digital wallet technology.
The UK Competition and Markets Authority plans to force Apple to allow rival payment providers access to its digital wallet technology. The Financial Times reported that the regulator is preparing a legal challenge to compel the company to open its NFC 'tap-to-pay' technology to third-party developers and payment services.
Apple (AAPL) was trading at $345.01 on October 16, 2026, with a session high of $347.82. These regulatory headwinds in the UK follow broader antitrust trends targeting Apple's closed ecosystem, while peers MSFT closed at $539.44 and GOOGL closed at $349.22 on October 15, 2026.