Apple was accused by EU antitrust officials on Monday of preventing rivals’ access to its NFC chip technology, a move that may result in a heavy punishment for the iPhone manufacturer and force it to expose its mobile payment system to competitors.

The European Commission said that it had handed Apple a charge sheet known as a statement of objections outlining how the corporation had exploited its dominant position in markets for mobile wallets on iOS devices.

“We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple’s devices,” EU antitrust chief Margrethe Vestager said in a statement.

“In our statement of objections, we preliminarily found that Apple may have restricted competition, to the benefit of its own solution Apple Pay,” she said.

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Apple stated that it will continue to work with the Commission.

“Apple Pay is merely one of several payment alternatives accessible to European consumers,” the business said in a statement. “Apple Pay has provided equitable access to NFC while maintaining industry-leading standards for privacy and security.”

The Commission’s decision to submit a charge sheet to Apple, known as a statement of objections, verified a Reuters article published in October of last year.

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