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UK regulatory bodies have initiated a comprehensive investigation into digital wallets, including Apple Wallet, focusing on fees, anti-competitive practices, and potential disruptions. The European Union recently approved a settlement where Apple agreed to open its 'tap to pay' iPhone payment system to competitors, resolving an antitrust case. Regulators in Europe and the US are scrutinizing the increasing involvement of Big Tech companies like Apple and Google in financial services.
Regulators and lawmakers in Europe and US have been examining the growing role of Big Tech in financial services. #Apple #Google https://t.co/d9UaxL9dz3
In a deal approved last week, the European Union accepted a promise by Apple to open its “tap to pay” iPhone payment system to rivals, ending an EU anti-trust case #cdnpoli https://t.co/YMCHEkeRtk
In a deal approved last week, the European Union accepted a promise by Apple to open its “tap to pay” iPhone payment system to rivals, ending an #EU anti-trust case #cdnpoli https://t.co/YMCHEkejDM
