This is a really stupid intervention by the European Big Government! This is pretty absurd by the European Commission! This may cost Apple billions of Euro.
The Commissioner in charge, i.e. Margrethe Vestager, has been known to be a narrow minded zealot for years! Why she is still in office is astonishing! I blogged about her several times.
For any consumer, the restrictions applied to Apple Pay is another good reason not to buy Apple products. Simple as that! The free market is perfectly capable of handling this situation.
"The European Commission has informed Apple of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices. By limiting access to a standard technology used for contactless payments with mobile devices in stores (‘Near-Field Communication (NFC)' or ‘tap and go'), Apple restricts competition in the mobile wallets market on iOS. ...
Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Mobile payments play a rapidly growing role in our digital economy. It is important for the integration of European Payments markets that consumers benefit from a competitive and innovative payments landscape."
Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Mobile payments play a rapidly growing role in our digital economy. It is important for the integration of European Payments markets that consumers benefit from a competitive and innovative payments landscape."
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