The European Commission has received 'many many concerns' about Apple Pay, according to a new report from Reuters.
These concerns are resulting in regulatory scrutiny to determine if the service is anticompetitive. An EU questionnaire recently asked online merchants if they had been told to use Apple Pay instead of competing services.
“We’ve been asking quite a number of questions because we get many many concerns when it comes to Apple Pay for pure competition reasons,” said EU Competition Commissioner Margrethe Vestager at the Web Summit tech conference in Lisbon. "People see it becomes increasingly difficult to compete in the market for easy payments."
Last year, Vestager said she might investigate Apple Pay if there were formal complaints. According to Reuters, at least one party as filed a complaint with the EU.
Vestager is set to oversee the competition portfolio in the new Commission that begins Dec 1 with an expanded mandate that could result in a more proactive role, including introducing new legislation.
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These concerns are resulting in regulatory scrutiny to determine if the service is anticompetitive. An EU questionnaire recently asked online merchants if they had been told to use Apple Pay instead of competing services.
“We’ve been asking quite a number of questions because we get many many concerns when it comes to Apple Pay for pure competition reasons,” said EU Competition Commissioner Margrethe Vestager at the Web Summit tech conference in Lisbon. "People see it becomes increasingly difficult to compete in the market for easy payments."
Last year, Vestager said she might investigate Apple Pay if there were formal complaints. According to Reuters, at least one party as filed a complaint with the EU.
Vestager is set to oversee the competition portfolio in the new Commission that begins Dec 1 with an expanded mandate that could result in a more proactive role, including introducing new legislation.
Please download the iClarified app or follow iClarified on Twitter, Facebook, YouTube, and RSS for updates.
Read More