Updated on 05/02/2022 13:12
- According to preliminary investigations by the EU Commission, the US company Apple is violating European competition regulations.
- EU competition authorities are now pursuing further proceedings against Apple.
- This time it’s about Apple Pay.
According to preliminary investigations by the EU Commission, the US company Apple is violating European competition regulations. The company is accused of restricting access to standard technology for contactless mobile payments and thereby limiting competition in the field of mobile wallets in favor of its Apple Pay solution, the authority said in Brussels on Monday.
“For the integration of European payment markets it is important that consumers reap the benefits of a competitive and innovative market environment,” commented Vice President Margrethe Vestager. However, there is now evidence that Apple has limited third-party access to the key technologies needed to develop competing mobile wallets for Apple devices.
Apple faces hefty fines
Apple now has the opportunity to comment on the complaints. If the competition watchdogs stick to their rating, the group could face a hefty fine. If companies violate EU competition rules, they risk fines of up to 10% of their global annual turnover.
Banks, among others, have long seen themselves at a disadvantage when it comes to contactless payments on the iPhone. They especially criticize the fact that Apple cannot access the NFC radio chip, which allows you to use your phone at the cashier instead of your credit card. Apple Pay is the only way to access the NFC chip on the iPhone. Apple sees this as a technical solution to ensure payment security and ensures that anyone who wants to access Apple Pay receives it.
With the presentation of the objections, the EU Commission is pursuing further proceedings against Apple. Last year, it officially accused Apple of unfair competition in its iPhone and iPad app store. As a result, Apple disadvantages other music streaming app providers and therefore has to fear a penalty. (sbi / dpa)
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