European Union accuses Apple of monopoly

The European Union has accused Apple of a monopoly when it comes to blocking third-party service providers from accessing short-range wireless connections on the Apple Pay mobile wallet system.

Preliminary investigation results show that Apple uses the “tap-as-you-go” function of the iPhone for Apple Pay and not other third-party services such as PayPal and Venmo. Apple says that allowing third-party services violates the security and privacy of users.

This behavior, if proven, could be considered an abuse of a dominant position and is illegal under EU regulations. If found guilty, Apple could have to pay a fine of up to 10% of global revenue.

As of the end of March, Apple had to pay more than 45 million euros in fines related to monopolistic practices.

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