iTnews Asia
  • Home
  • News
  • Government

Apple to defend mobile payment system at EU hearing

Apple to defend mobile payment system at EU hearing

To convince regulators it does not block rivals' access to mobile wallets.

By Foo Yun Chee on Feb 13, 2023 10:57AM

Apple will seek to convince EU anti-trust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing this week, the last chance for it to do so before possible hefty fines.

The hearing, which senior European Commission and national competition officials, Apple executives and complainants will attend, comes nine months after the EU competition watchdog accused the company of abusing its market power.

The EU antitrust watchdog has said Apple's anti-competitive practices dated back to 2015 when Apple Pay was launched.

The Commission declined to comment.

Apple referred to its statement last year which said that Apple Pay is only one of many options available to European consumers and which has ensured equal access to its tap-and-go technology near-field communication (NFC).

The company could face fines of up to 10 percent of its global turnover if found guilty of antitrust violations.

Apple is also the target of EU charges of abusing its dominance in the music streaming market in a case triggered by a complaint by Spotify.

There is no EU decision yet on that case.

To reach the editorial team on your feedback, story ideas and pitches, contact them here.
Copyright Reuters
© 2019 Thomson Reuters. Click for Restrictions.
Tags:
apple apple pay eu european union government telco

Related Articles

  • NUS sets up AI research centre to develop legal LLM, public health tools
  • Globe joins Singtel-led subsea cable project to strengthen AI network
  • Indonesia launches AI center of excellence for digital inclusion
  • Singapore and EFTA conclude digital economy agreement
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

NUS sets up AI research centre to develop legal LLM, public health tools

NUS sets up AI research centre to develop legal LLM, public health tools

Indonesia launches AI center of excellence for digital inclusion

Indonesia launches AI center of excellence for digital inclusion

Vietnam sets up national data fund to strengthen AI infrastructure

Vietnam sets up national data fund to strengthen AI infrastructure

OpenAI plans to open office in Singapore by 2024 end

OpenAI plans to open office in Singapore by 2024 end

All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of Lighthouse Independent Media's Privacy Policy and Terms & Conditions.