The European Commission suspects Apple of abusing its position in the mobile wallet market

The European Commission suspects Apple of abusing its position in the mobile wallet market

The European Commission has suspected Apple of abusing its dominant position in the mobile wallet market for the iOS platform.
This is due to the fact that by default the iPhone has Apple Pay, and it is impossible to install other applications for contactless payment.If the suspicions of the EC are confirmed, Apple will be accused of violating Article 102 of the Treaty on the Functioning of the European Union.
The EC representatives noted that the role of contactless payments in digital economy is increasing rapidly.
Therefore, it is important to benefit from competitive and innovative payment environment.Note that earlier European regulators also demanded Apple to add alternative methods of payment for purchases in the App Store.
This was demanded by many developers who were unhappy with the fees of up to 30% of each transaction on the platform.

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