Apple Pay in the crosshairs of the European Commission. Alternative payments may appear on the iPhone

You can make contactless payments with iPhones since 2014, but users are doomed to the Apple Pay platform. Third party application developers cannot use the NFC module to make payments, which prevents the creation of any alternatives.

The situation is completely different on Android, where & hairsp; – & hairsp; in addition to the leading platform Google Pay & hairsp; – & hairsp; there is a mass of competing services, behind which are smartphone manufacturers, banks and other financial institutions. The European Commission wants iOS to be more like Android in this respect.

The European Commission claims that Apple is abusing its dominant position in the contactless payments market

The proceedings regarding the Apple Pay service started in September 2019. Less than three years later, the European Commission bringingthat she informed the company of her initial position.

The investigation revealed that Apple was abusing its dominant position and “restricting competition in the iOS mobile wallet market.” There is therefore a suspicion that the giant is breaking the EU antitrust regulations.

So far, we are only talking about the Statement of Objections. Apple has been informed about the allegations and the initiation of an antitrust investigation, which allows the company to read the files and present its comments.

The European Commission emphasizes that the time of completion of the antitrust investigation and its result are not yet known. If a detailed investigation shows that Apple is breaking European law, it may be forced to open up to competing services such as bank applications, contactless Blik, and maybe even Google Pay.

This would not be the only change of this type that could await iPhone users in the near future. American politicians are fighting for iOS to allow the installation of alternative app stores.

Why is Apple blocking alternatives to Apple Pay on iPhones?

In the context of forcing its own payment standard, Apple is constantly hiding its concern for the security of transactions and user privacy. It is possible, however, that it is really all about money.

The Cupertino giant charges a commission on transactions made via Apple Pay. Although the company does not boast about the revenues generated by this particular service, is estimatedthat in 2019 alone they amounted to USD 988 million, and in 2023 they may exceed USD 4 billion.

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