Brussels accuses Apple of distorting competition with its Apple Pay
The European Commission sent a request to Apple on Monday for Apple Pay. Brussels believes it may have illegally distorted competition in the digital wallet market.
Today we have sent @Manzana a statement of objections. We are concerned that @Manzana may have illegally distorted competition in the market for mobile wallets on @Manzana devices. Now @Manzana can answer our concerns.
— Margrethe Vestager (@vestager) May 2, 2022
The Vice President of Competition of the European Commission, Margrethe Vestager, explained on Monday the risks for the digital wallet market posed by Apple Pay, due to its dominant position: "The evidence shows that Apple's behavior cannot be justified for security reasons. . The case has to do with a conduct to distort competition. The investigation is a precedent.”
"Findings on mobile payments reveal that by excluding others, the behavior is abusive and therefore illegal under our rules," Vestager said. "Apple can now respond to our concerns."
"Apple restricts the access of others to the wallet market, which means that this market does not develop," said the president of the European Commission.
