Apple

Reuters: the EU will charge Apple over anti-competitive practices with Apple Pay

The European Commission has recently put Apple’s business practices under a microscope. Earlier this year, it found Apple’s App Store tax policy in violation of EU competition law. Now Apple Pay is also facing legislative action.

According to a report from Reuters, the Commission is preparing to charge Cupertino for anti-competitive practices for how the NFC chip on Apple Devices works, specifically that only Apple Pay may use it.

The statement of objections is expected to be sent to Apple next year. Depending on how things shake things out, third-party mobile payment systems may enjoy better integration into future iOS versions. Right now, Google Pay and others can’t use the NFC chip to start near a point-of-sale terminal.

The Apple Pay survey opened in June last year. Here is what Executive Vice President Margrethe Vestager had to say about it:

“It appears that Apple is setting the terms for how Apple Pay will be used in reseller apps and websites. It also reserves the “tap and go” functionality on iPhones for Apple Pay. It’s important that Apple’s measures do not deny consumers the benefits of new payment technologies, including better choice, quality, innovation and competitive prices. I have therefore decided to take a closer look at Apple’s practices regarding Apple Pay and their impact on competition. ”

Source

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close