Market Chatter: Apple Faces UK Push to Open iPhone Tap-to-Pay to Rivals

11:49 AM EDT, 10/16/2026 (MT Newswires) -- The UK's Competition and Markets Authority plans to require Apple (AAPL) to allow users to choose alternatives to Apple Pay when using the iPhone's tap-to-pay feature, the Financial Times reported Friday, citing several people familiar with the matter. The CMA is set to publish proposals for consultation next week arguing that Apple exercises unfair power over the UK's tap-to-pay market, the report said, citing the people. Apple and the CMA didn't immediately reply to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 345.11, Change: +3.11, Percent Change: +0.91