BRUSSELS (May 2): EU antitrust regulators charged Apple on Monday (May 2) with restricting rivals' access to its NFC chip technology in a move that could result in a hefty fine for the iPhone maker and force it to open its mobile payment system to competitors. The European Commission said it had sent a charge sheet known as a statement of objections to Apple, detailing how the company had abused its dominant position in markets for mobile wallets on iOS devices. "We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple's devices," EU antitrust chief Margrethe Vestager said in a statement. "In our statement of objections, we preliminarily found that Apple may have restricted competition to the benefit of its own solution Apple Pay," she said. The Commission's decision to send a charge sheet known as a statement of objections to Apple confirmed a Reuters story in October last year.

Source: The Edge Markets May 02, 2022 22:53 UTC