The European Union Commission has been going after big tech recently. Now it seems to have its eyes on Apple Pay. The Commission, the EU’s executive body, said on Wednesday that it was looking into antitrust concerns over the digital payment tool (via Financial Times).
EU Looking into Apple Pay
The Commission revealed it had sent information to “market participants” about potential concerns. These included the allegation that rival payment services cannot use the Wallet app.
An EU Commission spokesman said:
The commission monitors possible anti-competitive market practices and abusive conduct. In this context, the commission is actively monitoring the development of mobile payment solutions, [and] the behavior by operators active in the payments sector, including mobile payments.