EU announces antitrust investigations into Apple Pay and the App Store"It is important that Apple's measures do not deny consumers the benefits of new payment technologies"
What you need to know
The EU has announced a formal investigation into Apple practices.
Specifically, they are investigating Apple Pay and anticompetitive behavior.
It is also investigating Apple's App Store rules.
The EU has announced a formal investigation into possible antitrust practices carried out by Apple, with regards to both Apple Pay and the App Store.
In a press release the European Commission stated:
The European Commission has opened a formal antitrust investigation to assess whether Apple's conduct in connection with Apple Pay violates EU competition rules. The investigation concerns Apple's terms, conditions and other measures for integrating Apple Pay in merchant apps and websites on iPhones and iPads, Apple's limitation of access to the Near Field Communication (NFC) functionality ("tap and go") on iPhones for payments in stores, and alleged refusals of a...
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EU announces antitrust investigations into Apple Pay and the App Store
