Apple's proposal to grant third-party access to its NFC-based tap-and-go technology progresses, with EU approval anticipated by May, according to reports.

This move could revolutionize contactless payment systems, allowing more apps and services to utilize iPhone's NFC capabilities for seamless transactions.

The decision follows pressure from regulators and competitors, aiming to foster competition and innovation in the digital payments market.

Opening up NFC access could pave the way for a more diverse range of applications, including public transport ticketing, access control, and more.

While the initiative enhances consumer choice and convenience, it also raises concerns about data privacy and security, prompting scrutiny from regulators.

If approved, Apple's decision to unlock its NFC technology could have far-reaching implications, shaping the future landscape of mobile payments and digital services.