Monday that the European Commission had sent to Apple a so-called"statement of objections," which outlines the preliminary conclusions reached by the bloc's antitrust investigators.
Vestager said:"We are concerned that Apple may have illegally distorted competition in the market for mobile wallets on Apple devices. Now Apple can answer our concerns.", Apple said:"Apple Pay is only one of many options available to European consumers for making payments, and has ensured equal access to NFC while setting industry-leading standards for privacy and security."
In its statement, the commission said:"By limiting access to a standard technology used for contactless payments with mobile devices in stores…Apple restricts competition in the mobile wallets market on iOS." Vestager said in a statement:"We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple's devices."
She added:"In our statement of objections, we preliminarily found that Apple may have restricted competition, to the benefit of its own solution Apple Pay. If confirmed, such a conduct would be illegal under our competition rules."
Source: Financial Digest (financialdigest.net)
BISouthAfrica So dominance stifles competition? Not really. Blackberry dominated a market once. Blockbusters did too. If someone does something innovative and it does it well why moan?
BISouthAfrica I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas5 on Twitter She guides me through and i made a return of R155,000 after a week of trading, connect with her
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