By news@appleinsider.com (Malcolm Owen) The European Commission is set to approve Apple’s opening up of Apple’s NFC platform to third-party mobile wallets as soon as May, which could help save the iPhone maker from a $40 billion fine.NFC in the iPhone is chiefly used for Apple PayIn January, Apple agreed that it would open up its NFC hardware to any developer for the purposes of performing contactless payments. Months later, it appears that European antitrust regulators are close to determining if it’s enough to get Apple out of legal trouble.The European Commission will allegedly be offering its approval of Apple’s work in the near future. People familiar with the project speaking to Reuters say that the approval could happen as soon as May. Continue Reading on AppleInsider | Discuss on our Forums

Source:: Apple Insider