If the so-called preliminary view becomes law, Apple may face fines of up to 20% of its EU revenue.
with its so-called preliminary view opinion on Apple's exclusive control of the NFC contactless payment technology that Apple Pay uses to authorize payments with the iPhone or the Apple Watch.reports that the EC preliminary view comes with a lengthy statement of objections that insists Apple's walled garden approach to mobile payments is restrictive to the competition in the fintech industry and especially in its mobile wallet efforts.
Apple has built a closed ecosystem around its devices and its operating system. Apple controls the gates to this ecosystem, setting the rules of the game for anyone who wants to reach consumers using Apple devices.
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