The European Union says it will formally charge Apple with violating EU antitrust law because Apple Pay is the only service allowed to use the company’s payment system, according to the Financial Times.
Apple is set to face new antitrust charges in Brussels next week, four people familiar with the matter said, arguing that it disadvantaged rivals in its mobile payment system. The tech giant could face hefty fines after antitrust investigators accused Apple of violating EU law, people familiar with the matter said.
Investigators worry that Apple’s reluctance to give third-party payment systems access to its NFC payment chip technology is distorting the free market and undermining rivals’ ability to compete. Allegedly, the EU will announce charges as the case may be. The exact timing may be delayed, but whenever it is announced, Apple will face fines of up to 10% of global turnover if the charges are convicted.
It is one of several investigations into Apple in Brussels, along with two others, looking into whether Apple has undermined its monopoly on fair competition for books and music streaming services in the App Store.
They warned that the announcement of the antitrust lawsuit could still be delayed. It comes after regulators approved two landmark pieces of legislation to curb the power of Big Tech.
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- 2022-04-28EU will file antitrust charges against Apple Pay: up to 10% of global turnover
- 2022-04-11Apple will face a new round of EU antitrust charges after being complained by Spotify
- 2021-10-06Apple may face a fine of 177.7 billion yuan by the European Union for NFC chips
- 2021-05-01The European Union officially launched an antitrust lawsuit against Apple, and the fine may reach 10% of its global revenue
- 2021-04-30EU accuses Apple of distorting competition in music streaming market
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