- Aug 17, 2014
Another antitrust case comes the Apple way and this time, it is about Apple Pay. According to the Financial Times, EU investigators led by competition commissioner Margrethe Vestager have found Apple in violation of blocking third-party service providers from accessing NFC on its mobile wallet system - Apple Pay.
The investigation was opened in 2020 by the European Commission. The investigation contested that Apple reserves the "tap and go" functionality of iPhones to Apple Pay and not other third party services like PayPal, Venmo, and other banks. Apple says that allowing third party services would breach the security and privacy of its users.
This isn't the first time Apple has is facing antitrust charges regarding Apple Pay. Last year, the EU investigated Apple for charging third parties a 30 percent fee for hosting their apps on the App Store while promoting its own competing services on the same marketplace.
The European Commission will be charging Apple for violation of blocking third party services like PayPal to access the "tap and go" NFC feature of iPhone as part of its antitrust investigation.