Apple Faces EU Antitrust Charge , Over Mobile Payments Technology.<br />CNBC reports that on May 2, antitrust regulators in Europe charged the tech giant with keeping rivals from using its NFC chip technology.<br />The charge may force Apple to provide its competitors with access to its mobile payment system.<br />CNBC reports that the European Commission sent Apple a statement of objections in which it details ways the company abused its market position pertaining to iOS mobile wallets. .<br />We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple’s devices, Margrethe Vestager, EU antitrust chief, via statement.<br />In our statement of objections, we preliminarily found that Apple may have restricted competition, to the benefit of its own solution Apple Pay, Margrethe Vestager, EU antitrust chief, via statement.<br />Reuters reports that Apple, which said it will keep engaging with the Commission, faces a hefty fine.<br />The company issued a statement.<br />Apple Pay is only one of many options available to European consumers for making payments, and has ensured equal access to NFC while setting industry-leading standards for privacy and security, Apple, via statement.<br />Reuters reports that in Europe, Apple Pay is used by over <br />2,500 banks and 250 fintechs and challenger banks
