Apple Pay could face EU antitrust investigation

Apple Pay could face EU antitrust investigation

European Union Competition Commissioner Margrethe Vestager in Brussels on November 20, 2018.

JOHN THYS | AFP | Getty Images

LISBON, Portugal — Apple‘s digital wallet is stifling competition in the payments market, according to a high number of complaints sent to the EU’s Competition Commissioner Margrethe Vestager.

“We get many, many concerns when it comes to Apple Pay for pure competition reasons,” Vestager said in a press conference at the Web Summit tech conference in Lisbon, Portugal on Thursday.

“People see that it becomes increasingly difficult to compete in the market for easy payments.”

The European Commission, the executive arm of the EU, is also investigating an antitrust complaint into Apple from music streaming rival Spotify related to terms in the App Store. Vestager said the EU is in the process of analyzing Apple’s response to the Spotify complaint.

Vestager has taken a tough stance regulating big U.S. tech companies, imposing more than $9.5 billion in antitrust fines against Google over the past two years.

Source link

قالب وردپرس

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top