Apple mobile wallet practices hurt competition, says EU regulators

Mobile wallet - Back of iPhone - Blue case

The European Commission’s preliminary findings were that the policies harmed competition. European regulators have notified Apple Inc. that its mobile wallet practices were, in their initial view, harmful to competition. The preliminary findings of the European Commission do not “prejudge the outcome” in antitrust investigations. The European Commission (EC) announced in a news release that it had advised Apple “of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices.” The focus of the concerns expressed about the payment app had to do…

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Apple Pay app now in France and Hong Kong

iphone Apple Pay App

The iPhone mobile wallet is now available in a total of nine countries around the world. The Apple Pay app has now been launched in both France and Hong Kong. This brings the total number of countries around the world accepting this mobile wallet to nine. The most recent launch arrived in France but was followed by Hong Kong later that day. The official Apple mobile payments service website for France shows several compatible credit cards. The French Apple Pay app website shows compatibility with: Visa and MasterCard credit and…

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Apple expands its mobile payments service

iphone 6 apple pay qr codes mobile security

Apple Pay could be on track to being accepted in more than 1.5 million locations in the US Apple’s mobile payments service is gaining momentum in the United States as the company prepares to launch the service in new markets in the near future. During Apple’s latest earnings call, CEO Tim Cook noted that Apple Pay will soon be accepted at more than 1.5 million locations throughout the country. Apple has also announced an expansion to the service that may be able to help the company achieve this ambitious goal…

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