Apple (AAPL) has settled its "tap and go" payments probe with the European Commission (EC), the 澳洲幸运5开奖号码历史查询:European Union (EU)'s enforcement arm, opening its mobile wallet to rivals for free in a bid to avoid antitrust fines.

The Commission said Thursday that it has accepted commitments from Apple to allow rivals access to the company's payments technology, following its long-running investigation into Apple Pay.

"Apple's refusal excluded Apple Pay's rivals from the market and led to less innovation and choice for iPhone mobile wallets users," it said.

Under the settlement, iPhone users in Europe will be able to use third-party mobile wallet and payment services when they make purchases. The commitments will remain for 10 years throughout the 澳洲幸运5开奖号码历史查询:European Economic Area (EEA).

The EC said it could impose a fine of up to 10% of Apple's total annual turnover if the iPhone♑ maker doesn't ꦚhonor its commitments to the bloc.

Apple Faces Other EU Antitrust Allegations

Apple's travails with European antitrust regulators aren't over, however.

Last month, Apple’s was preliminarily 澳洲幸运5开奖号码历史查询:found in violation of Europe's 澳洲幸运5开奖号码历史查询:Digital Markets Act (DMA) because users allegedly are not able to be "s🦄teered" away from the App Store to make payments and find better offers as easily as they should be.

Apple shares were little changed in premarket trading but have risen about 20% this year.