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EU digital identity wallet to stir paytech market

Payments Dive

The EU would require big tech companies, like Apple and Google, to offer their customers payment services through the new digital identity wallet if the regulation is approved.

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Apple Pay facing additional scrutiny by EU regulators over competition questions

Payments Dive

European regulators are taking a hard look at Apple Pay amid concerns that it may be using its market position to crowd out rival mobile wallet services. Apple Pay has gained share in the U.S. market and European regulators have started to ask questions of various market participants to weigh in on Apple's behavior.

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Big Tech Compliance Tracker: UK Regulators To Form Digital Markets Unit; Italy Fines Apple $10 Million Over Claims About iPhone Water Resistance

PYMNTS

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. That new division will fall under the country’s Competition and Markets Authority (CMA). Apple Faces $12M Fine Over iPhone Marketing.

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EU Regulators Could Investigate Apple For Market Dominance

PYMNTS

Regulators in the European Union looked at Apple Pay , the company’s mobile payment system, and came to a conclusion about its market dominance, according to a report by Reuters. 10) that they found Apple was not market dominant, but that they could review the issue again if they received any formal complaints.

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Big Tech Compliance Tracker: Apple To Pay $113M Over Alleged iPhone 'Throttling'; Officials: European Commission Needs To ‘Scale Up’ Regulation

PYMNTS

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. 34 States Unveil $113M Settlement Against Apple For Alleged iPhone ‘Throttling’ . EU Auditors: European Commission Needs To ‘Scale Up’ Regulation. Either way, California Attorney Gen.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Australian Regulator To Examine Apple, Google App Stores

PYMNTS

Apple and Google executives may be wondering if there's an app for, "time to call the lawyers.". 8) issued a news release stating that it will look at the market power the two companies exert in the country. Meanwhile, Apple faces a probe of its App Store practices in the European Union. Public input will be accepted until Oct.

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