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Apple hit with the EU antitrust tax for its payment technology

Purse and keys

Source: Apple

EU cartel regulators on Monday accused Apple of restricting rivals’ access to their NFC chip technology in a move that could result in a large fine for the iPhone maker and force it to open its mobile payment system to competitors.

The European Commission said it had sent an indictment known as a complaint message to Apple describing how the company had abused its dominant position in the mobile wallet markets on iOS devices.

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

“In our statement of objections, we tentatively found that Apple may have restricted competition in favor of its own solution, Apple Pay,” she said.

Apple said it would continue to engage with the Commission.

“Apple Pay is just one of many options available to European consumers to make payments, and has ensured equal access to NFC while setting industry-leading standards for privacy and security,” the company said in a statement.

The Commission’s decision to send an indictment known as a statement of objections to Apple confirmed a Reuters story last October.

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