The decision to ramp up its antitrust probe comes weeks after the bloc approved new rules to rein in how US tech firms operate in the region
Apple was hit by a formal antitrust complaint from the EU for restricting access to technology and services that allow users to make payments direct from their iPhones. Picture: BLOOMBERG
The European Commission said on Monday it sent a so-called statement of objections alleging how the tech giant abuses its dominance over mobile wallets on its devices via its Apple Pay service. If confirmed, the company could face hefty fines under EU antitrust rules. The decision to ramp up its probe comes weeks after the EU approved sweeping new rules to rein in how US tech firms operate in the region. The measures, designed to work alongside traditional antitrust powers, aim to prevent firms from abusing their power as gatekeepers to digital technology.
Apple argued that its approach might anger big banks in Europe, some of whom have sought better deals to access Apple Pay. Apple says it gives all banks equal access to the payment system, with 2,500 banks in Europe connected, as well as smaller fintech companies and challenger banks.
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