EU's antitrust complaint against Apple Wallet

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The European Union shared a Statement of Objections on Monday criticizing Apple for restricting NFC technology on the iPhone to Apple Pay.

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Bloomberg's report revealed that PayPal was one of the many companies that helped spur a formal antitrust complaint against Apple and its payments system.

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For the uninitiated, NFC was first launched with iPhone 6 and was limited to Apple Pay. In 2017, Apple partially allowed developers to access the iPhone's NFC chip. But excluded payment apps from using this API.

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This year, Apple announced Tap to pay for iPhone. But this feature is limited to Apple's native payments system. Thus, preventing third-party apps from offering their NFC payment solutions.

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Well, Apple is likely to face many such challenges in the future. If the tech-giant wishes to get rid of these antitrust allegations, it should ease restrictions on developers.

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However, it doesn't seem that Apple would give in this easily. So, all we can do is wait and watch!

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