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Exclusive-EU antitrust regulators to charge Apple over its NFC chip tech -sources By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: Apple’s logo seen at an Apple Store located in Brooklyn, New York. U.S.A, October 23rd 2020. REUTERS/Brendan McDermid/File Photo

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BRUSSELS, (Reuters) – EU antitrust regulators will accuse Apple (NASDAQ) of anti-competitive conduct related to its NFC chips technology. According to people familiar with the matter, this could make it more difficult for Apple to offer mobile payments to other companies.

In June 2013, the European Commission began an investigation into Apple Pay. This is Apple’s proprietary mobile payment system on iPads and iPhones.

Sources said that the EU Competition Enforcementr is currently drafting a statement of objections describing its concerns. This is to be submitted to Apple in next year.

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