Apple is on the agenda for bribing Visa and Mastercard

Apple, Visa and Mastercard to reduce competition for payment services bribery allegations is on the agenda with. Visa and Mastercard, two of the world’s largest payment companies, are acquired by Apple. to suppress competition were involved in an antitrust case in which they accepted bribes.

For those who don’t know antitrust, It refers to the policies followed by governments to prevent trade barriers and market competition. So what are the details of this case?

The lawsuit states that illegal agreements were made.

According to these agreements, Apple charges users who use Visa and Mastercard in its payment systems. more shares He is said to have bribed two companies to buy it. Users pay Visa and Mastercard fees for each transaction when they use Apple Pay. He made a payment to Apple It is said. In addition, the two companies paid large amounts of money to Apple and an ongoing cash flow It is stated that it continues.

Thus, Apple’s own payment system By investing less from your own pocket It is said that it will continue its investments with the money flow from the two companies. Additionally, Apple’s iPhones that use other companies’ payment methods NFC chips It is also among the agreements that it disables.

Apple recently removed the NFC chips it uses in iPhones in response to ongoing antitrust cases in the European Union. wants to make available to other companies was stated. However, it is not yet known whether this application will be implemented in the future.