Apple Pay faces EU antitrust charges

from the European Union to Apple against a new antitrust investigation opened. tech giant, Apple Pay He is accused of discriminating against his rivals through his mobile payment system. The company said a new antitrust lawsuit will be filed next week.

According to officials who spoke to the Financial Times about the recent tensions between the EU and Apple, Apple has been skeptical of the way it uses Apple Pay. EU laws may have been chewed. Apple Pay, designated as the primary payment service on millions of iPhones, is under scrutiny.


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EU launches antitrust investigation for Apple Pay

The lawsuit, which is expected to be announced next week, deals with NFC technology used to make contactless payments. EU investigations, Apple’s NFC payment technology came after it refused to offer it to third-party payment systems. According to EU officials, this could undermine competition with Apple’s competitors using its services.

currently Using NFC to third-party payment services Apple, which does not recognize the right, says it does this to protect the security and privacy of users. However, the European Commission considers it “illegal” not to open the NFC used for Apple Pay to other companies.

Apple is grappling with a number of antitrust lawsuits, including whether the App Store’s book and music services hurt competition. The company, which has become the focus of various investigations in Brussels, may be subject to heavy sanctions with the latest case.

According to Forbes data worth $2.5 trillion Apple, whose payment service-related charges are upheld, 10% of its turnover including fines.

According to Reuters, Apple as of the end of March With a fine of over 45 million euros faced. In addition, another noteworthy penalty is that the Consumers and Markets Authority in the Netherlands has been against the company since January. 5 million euros per week was fined.

Apple CEO Tim Cook previously criticized the increasing regulatory pressure they face around the world. Saying that politicians are interfering with the App Store, Cook thinks that data-hungry companies may violate privacy rules.

So what do you think about this lawsuit initiated by the EU for Apple Pay? Give your feedback in the comments section or SDN ForumYou can share it with us.

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