EU’s Vestager says Apple Pay has prompted many considerations

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FILE PHOTO: European Competitors Commissioner Margrethe Vestager addresses a information convention on an antitrust case in Brussels, Belgium July 18, 2019. Information/Yves Herman

LISBON (Information) – Apple Pay has attracted regulatory scrutiny on account of a number of expressions of concern in regards to the U.S. tech large’s cell cost service, Europe’s antitrust chief mentioned on Thursday.

Margrethe Vestager’s feedback come after an EU questionnaire, seen by Information late final month, confirmed EU regulators had requested on-line retailers whether or not they had been informed to make use of Apple Pay as an alternative of competing companies.

“We’ve been asking fairly numerous questions as a result of we get many many considerations relating to Apple Pay for pure competitors causes,” mentioned EU Competitors Commissioner Vestager, with out specifying who had expressed concern.

“Folks see it turns into more and more tough to compete available in the market for straightforward funds,” she informed a information briefing on the Net Summit tech convention in Lisbon.

In an interview with Information final 12 months, Vestager mentioned she would possibly examine Apple Pay if there have been formal complaints. At the least one social gathering has gone to the European Fee with its grievance, two individuals accustomed to the matter informed Information.

Apple Pay, which was launched in 2014 and is out there in additional than 50 international locations together with over 20 EU member states, marks Apple’s (AAPL.O) diversification from gross sales of units like iPhones and iPads.

Apple has beforehand mentioned its cost system presents the most secure answer available in the market, as proven by the 1000’s of banks utilizing it, and that iPhones supply customers a alternative of cost choices, together with credit score and debit playing cards and financial institution apps.

Vestager, who retains the competitors portfolio within the new Fee resulting from begin work on Dec. 1, has gained a repute as a troublesome enforcer particularly towards tech firms, handing out hefty fines and ordering them to alter their practices.

Within the subsequent Fee she may have an expanded mandate which may see her take a extra proactive function, together with introducing new laws to control the know-how sector.

Reporting by Foo Yun Chee and Victoria Waldersee; Modifying by Gareth Jones and Pravin Char