Apple Pay: Europe wants to impose other payment methods on iPhones

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The European Commission does not like the monopolistic situations of the Web Giants.Deemed anti-competitive, the institution is investigating Apple Pay, the mobile payment While Apple isn’t the only company in the EUs sights, Apple Pay is on the radar of other regulators and authorities as well. outh Korea, for instance, last month endorsed a bill to boycott major application store administrators, including Apple, from constraining programming engineers to utilize their own installment frameworks. presented by the Cupertino organization for a considerable length of time.

Apple Pay is a versatile payment administration presented by Apple starting around 2014 in the US. The issue is that the NFC function of iPhones must be utilized through an Apple Pay account, which forestalls every other person from offering versatile payment administrations on Apple smartphones.

A snag that led the European Commission to accuse Apple of unfair practices. According to Reuters, the institution is currently finalizing its conclusions on the matter and Brussels is expected to notify Apple next year.

Europe is cracking down on Apple once again

According to Reuters, the European Commission accuses Apple of unfair practices. The news agency said the institution has been working on the subject since the summer of 2020, with the aim of forcing Apple to release access to the NFC chip on its iPhones.

While contactless payment can be made with an iPhone with Apple Pay, Apple has put a limit on access to the Near Field Communication (NFC) feature. A “detail” that pushed the European Commission to investigate. On Android, the feature is open to all third-party developers; iPhone users, on the other hand, are required to go through an Apple Pay account.

The exclusivity of Apple Pay is problematic in a number of situations. On the one hand, it is impossible for competitors, banks, and operators to install their own payment system on an iPhone. On the other hand, transport providers must go through Apple for the validation of a trip at the terminals of buses, trains, or subways.

While Apple isn’t the only company in the EU’s sights, Apple Pay is on the radar of other regulators and authorities as well. South Korea, for example, last month approved a bill to ban major app store operators, including Apple, from forcing software developers to use their own payment systems.

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