The European Commission has accused Apple of abusing its market position for contactless payments on iPhone
It believes the tech giant may have broken competition law by preventing rivals from accessing its “tap and go” technology.
The EU official who is in charge of competition policy says findings show Apple may have restricted competition just to benefit its own apple pay option.
If the charges proceed, Apple could be facing a hefty fine up to 10 per cent of its global turnover
To put that into perspective, the US based tech company made close to 37 billion dollars in revenue last year.
Apple denies the charge and has promised to engage with the Commission.
It says Apple Pay was only one of many options available to European consumers.
