Apple Accused of Breaking EU Competition Laws Over Digital Wallets

Apple Accused of Breaking EU Competition Laws Over Digital Wallets
European Union Competition Commissioner Margrethe Vestager speaks at a press conference in Brussels on May 2, 2022. Virginia Mayo/AP Photo
Tom Ozimek
Updated:

European Union regulators have accused Apple of breaking the law by stifling competition in markets for mobile wallets, a move that could lead to billions of dollars in fines.

The European Commission (EC) said in a May 2 statement that it had sent a charge sheet known as a statement of objections to Apple, alleging that the tech giant had abused its dominant position in markets for mobile wallets on iOS devices, restricting rivals’ access to the detriment of consumer choice.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter
Related Topics