Tech giant Apple to be hit with European Union antitrust charge over its NFC chip technology
And, according to sources, tech giant Apple will be hit with a European Union antitrust charge over its NFC chip. Tech apple could possibly be hit with a hefty fine and could also force it to open its mobile payment systems, to rivals so to say, use competition.Enforcer is preparing a charge sheet known as a statement of objections which could be sent to apple next year. The commission can fine companies up to 10 percent of Their global turnover for violating EU rules. Now, based on apple's 2020 revenue, the fine could go up to 27. 4 billion dollars. Take a look at the story. Apple will be hit with an EU anti-trust charge over its NFC chip technology. That's according to sources close to the matter. The move could see the tech giant hit with a big fine. It could also force apple to open its mobile payment system to rivals EU anti-trust leader marguerite Vestavia Launched an investigation into apple pays in June last year. The European Commission has focused mostly on apple's NFC chip, which enables tap and goes payments on iPhones. The source told Reuters the EU competition enforcer is preparing a charge sheet which could be sent to apple next year. Documents like that usually set out practices seen as anti-competitive by the regulator. The commission refused to comment when approached by Reuters apple has said That privacy and safety is the main reason for its policy around mobile payments.