China-Singapore Jingwei, October 7th, according to Reuters’ Chinese website, people familiar with the matter said that Apple will be accused of antitrust by the European Union for its NFC chip technology. The company may face huge fines and may be forced to open its mobile payment system to competitors. .
According to reports, starting from June 2020, EU Commissioner for Competition Vestag has targeted Apple and launched an investigation into Apple Pay. Initial concerns include the NFC chip that enables Apple’s mobile phones to make “near payment”, the company’s terms and conditions for how the mobile payment service Apple Pay should be used on merchant’s apps and websites, and the company’s refusal to offer to competitors Open access to the payment system, etc.
One of the sources said that the European Commission will then narrow its focus to only the NFC chip, which can only be accessed through Apple Pay.
A source said that the EU anti-monopoly law enforcement agency is currently preparing an indictment called an “objection statement,” which may be submitted to Apple next year. Such documents usually list anti-competitive behaviors deemed by regulators.
According to reports, the European Commission declined to comment. Apple did not immediately comment on the privacy and security issues of the Apple Pay policy.
As of the close on the 6th, Apple’s stock price closed at 142 US dollars, up 0.63%, with a total market value of 2,347.3 billion US dollars. (Zhongxin Jingwei APP)
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