1. The European Union has passed legislation that will require Apple to allow third-party payment services on its devices, including iPhones, in the European Economic Area (EEA). This means that iPhone users in Europe will no longer be required to use Apple Pay as their sole payment option on their devices.

2. The new legislation, known as the Digital Markets Act (DMA), aims to promote competition and give consumers more choice in the digital marketplace. It requires large tech companies, such as Apple, to open up their platforms to third-party services, including payment options, messaging apps, and app stores.

3. The implementation of the DMA is expected to have a significant impact on Apple's business model, as the company has traditionally maintained tight control over the iPhone ecosystem. The legislation is part of a broader effort by the European Union to rein in the power of big tech companies and foster a more competitive digital landscape.