BlockBeats news, on August 15, after years of pressure from regulators including the European Union, Apple (AAPL.O) announced on Wednesday local time that it would begin allowing third parties to use the iPhone's payment chip for transactions, a move that would allow banks and other services to compete with the Apple Pay platform. Apple said it would allow developers to use NFC-enabled payment chips starting with iOS 18.1, and users could also set third-party payment applications as the default system to replace Apple Pay. However, according to Wednesday's statement, under the new payment method, Apple will still require developers to pay the "related fees" for using NFC chips and sign a "commercial agreement." (Jinshi)