Apple is trying to avoid an ongoing legal battle with the European Union. According to Reuters, Apple will offer its competitors access to NFC (Near Field Communication) technology. The European Commission filed antitrust charges against the company regarding the Apple Pay payment system in May 2022.As a result of the investigation that has been ongoing since 2020, the Commission’s Executive Vice President, Margrethe Vestager, stated that there are indications that Apple has restricted third-party access to the technologies necessary to develop rival mobile wallet solutions on its devices.
Apple’s current offer could save the company from a hefty fine and resolve the case against it, but there’s no guarantee of progress. The commission will likely meet with Apple’s competitors and customers within the next month to determine whether to accept the offer. More than 2,500 banks across Europe use Apple Pay.
He also faces antitrust charges in the USA
Apple is also facing a lawsuit filed in the US by Iowa Affinity Credit Union in July 2022. Similarly, Apple has been accused of anti-competitive behavior by illegally limiting iOS users to Apple Pay for contactless payments.
In September 2023, U.S. District Court Judge Jeffrey S. White in California ordered the case to proceed, saying: “Plaintiffs argue that Apple Pay charges arbitrary and inflated fees, that competition in the contact-pay iOS mobile wallet market will spur innovation, and that prices “They stated convincingly that it would lead to his fall.” In his decision, White explained that the plaintiffs had correctly presented Apple’s monopolization claim and attempt.
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