After EU antitrust officials charged Apple with preventing rivals’ access to its technology used for mobile wallets, the iPhone manufacturer faces a likely large punishment and may be forced to expose its mobile payment system to competitors.
This is Apple’s second EU allegation; last year, EU authorities accused the business of hindering competition in the music streaming market in response to a complaint from Spotify (SPOT.N).
The European Commission said on Monday that it had given Apple a charge sheet known as a statement of objections outlining how the corporation had exploited its dominant position in markets for mobile wallets on iOS devices.