Apple Hit With EU Antitrust Charge Over Its NFC Payment Technology

EU antitrust regulators charged Apple on Monday with proscribing rivals’ entry to its NFC chip expertise in a transfer that would lead to a hefty effective for the iPhone maker and drive it to open its cellular cost system to rivals.

The European Commission stated it had despatched a cost sheet referred to as a press release of objections to Apple, detailing how the corporate had abused its dominant place in markets for cellular wallets on iOS gadgets.

“We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple’s devices,” EU antitrust chief Margrethe Vestager stated in a press release.

“In our statement of objections, we preliminarily found that Apple may have restricted competition, to the benefit of its own solution Apple Pay,” she stated.

Apple stated it could proceed to have interaction with the Commission.

“Apple Pay is only one of many options available to European consumers for making payments, and has ensured equal access to NFC while setting industry-leading standards for privacy and security,” the corporate stated in a press release.

The Commission’s resolution to ship a cost sheet referred to as a press release of objections to Apple confirmed a Reuters story in October final 12 months.

© Thomson Reuters 2022