Categories: Tech

Apple Pay has ended up in the antitrust crosshairs: what happens?

The European Union today shared an antitrust communication contesting the way in which Apple limits the NFC technology on iPhone to your payment platform, Apple Pay. A Bloomberg report reveals that PayPal in particular is one of the companies that backed EU antitrust complaints against Apple Pay.

Apple Pay in the crosshairs of the EU antitrust

Citing sources familiar with the matter, the report in question claims that PayPal contributed to the issuance of a formal antitrust complaint against Apple and Apple Pay against the European Commission. PayPal, which offers an NFC-based feature for Android users, cannot offer the same option on the iPhone, as we all know.

That said, Bloomberg also said PayPal was just one of multiple companies that filed formal complaints about this situation with the European Commission. iPhone 6 was the first Apple smartphone to feature NFC technology, which allows data to be transmitted between two devices when they are very close to each other.

However, NFC technology on the iPhone is unique to Apple Pay, the company’s platform that allows users to register their credit and debit cards to pay in stores using their phone or Apple Watch. Earlier this year, Apple announced the “Tap to Pay” feature for iPhone, which turns the phone into a contactless card terminal for receiving payments via third-party apps. However, the company still does not allow other apps to provide their own NFC payment solutions on the iPhone.

Published by
Walker Ronnie

Recent Posts

Netflix: Previews for some select members

According to what has been revealed, some selected Netflix users have had access to movie…

18 seconds ago

On Pokémon UNITE comes Espeon: let’s find out its moves

From now Espeonand his devastating moves, is available on Pokemon UNIT. Players will be able…

1 min ago

These apps steal Facebook passwords and crypto wallets

And Trend Micro's new report exposes beyond 200 app who steal Facebook passwords and gods…

46 mins ago

Among The Trolls, Stray Blade and more from 505 Games

505 Games recently held a live stream where he unveiled and offered new information on…

47 mins ago

Apple wants to improve the iPhone’s water and pressure resistance

Apple would be developing new technologies for improve the resistance to water and pressure of…

2 hours ago

Apex Legends Mobile debuts with an exclusive hero

Today officially debuts on iOS e Android Apex Legends Mobile, the new game in the…

2 hours ago