EU Accuses Apple of Abusing Mobile-Payment Market Power

The European Union’s antitrust authorities on Monday charged Apple by abusing its dominant position by restricting access to the technology that underpins contactless payments on its mobile devices, adding to the block’s efforts to prevent fraudulent acts. vi is accused of being anticompetitive by some of the world’s biggest tech companies.

The European Commission, the EU’s executive body, said it took issue with Apple’s decision to prevent mobile wallet app developers from accessing the necessary hardware and software on its devices. them and instead preferred to offer their own Apple Pay.

https://www.wsj.com/articles/apple-abused-dominance-in-mobile-wallets-markets-according-to-preliminary-eu-view-11651487879?mod=pls_whats_news_us_business_f EU Accuses Apple of Abusing Mobile-Payment Market Power

Edmund DeMarche

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