The Financial Times writes that EU investigators led by competition commissioner Margrethe Vestager will accuse Apple of blocking third-party service providers, such as PayPal and leading banks, from accessing its mobile wallet system.
The case, which was opened in 2020, specifically relates to Apple’s Near Field Communication (NFC) payment technology in iPhones. The company keeps seamless contactless payments exclusively for its Apple Pay service. This means the likes of PayPal, Venmo, and banks can’t offer a similar NFC experience to iPhone users via their own apps. Apple says allowing them complete access would breach the security and privacy of its users.