Launched in 2014, Apple Pay allows iPhone or Apple Watch users to make payments at retailers by touching their devices to the same terminals currently used for credit and debit cards. — Reuters
BRUSSELS: The EU's powerful anti-trust regulator is taking a closer look at Apple Pay, an official said on Nov 15, amid worry that the fast-growing and easy-to-use payment system is shutting out rivals.
Personal finance is the new battleground for big tech, with Google, Amazon and Facebook – the latter through its controversial Libra crypto currency – also seeking to tap the potentially lucrative but politically touchy market.
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