EU steps up investigation into Apple Pay
The European Commission’s investigation into Apple Pay is “moving ahead on top of an investigation into how the iPhone maker requires software developers to use its in-app purchasing system”, the EU’s competition commissioner Margrethe Vestager has told Bloomberg News.
The case is “quite advanced” and “is something that we’re pushing forward”, Vestager said in an interview,
While the EU is weighing potential rules over how phones should grant access to rival payment providers, she sees a need for more urgent action from antitrust enforces.
„Legislation also takes a long time and a lot can happen in the market in the meantime if we don’t investigate”, she said.
Many developers have accused Apple of locking developers in its App Store by onerous contractual obligations. Apple has rebuffed the allegations saying its iPhone payment system keeps customers secure.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
