[edualm]

I don't see anything good coming out of this law, honestly. I've read some other commenters saying that Apple doesn't want to talk to small banks, but I find that to be the complete opposite of my experience.

Here in Portugal, only one bank supports Apple Pay, and it's a small one (apart from N26/Revolut, the online ones). None of the bigger banks support it. Instead, they all support a national app that uses QR codes on iOS and NFC/QR on Android for payments (but its UX is much worse, even on Android where it uses NFC, and has a load of other problems - since it's properietary it doesn't work internationally, etc.). Of course, there is no Google Pay support at all here, and I blame the fact that NFC payments are supported on their own app. There's even less incentive for them to support Google Pay at all, and that's exactly what happened. I'm afraid that Apple Pay would be dropped if Apple was forced to open up NFC for payments.