PayPal's Complaint May Be A Key Reason For The EU's Statement Of Opposition To Apple On Monday Local Time The Complaint Said That Apple Restricted Competition In The Mobile Wallet Market And That It Prevented Developers From Using The Technology In Order To Benefit Their Apple Pay Solution.
Now, Bloomberg Understands That Helping To Stimulate The EU's Interest In Apple One Of The Voices Of Antitrust Complaints Is The Competitor's Payment Platform PayPal.
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For A Long Time, Apple Limited The Use Of Its NFC Chip To Apple Pay. The Cupertino Technology Giant Insists That This Ensures That Apple Pay Is Much Safer Than The Third-party Payment Application On Android.
Only Recently Did Apple Open NFC Chips To Application Developers For Apple's Tap To Pay Function. The Upcoming Feature Will Allow Users To Accept Payments By Using The IPhone As A Service Point. However, As Bloomberg Pointed Out, Apple Does Not Allow Rival Services To Use Chips To Pay From The IPhone.
The EU Investigation Did Not Officially Begin Until June 2020, But Regulators Received Complaints From Apple Pay Competitors For The First Time As Early As 2019. In October 2019, It Contacted Online Retailers To Discuss The Impact Of Apple And Its Payment System.
It Was Learned That The EU Made A Decision To Draft An Objection Statement In October 2021 - Shortly After Tim Cook Met With EU Competition Director Margrethe Vestager In New York.