US-based not-for-profit company Affinity Credit Union has filed an official complaint against tech giant Apple for illegally profiting from Apple Pay and breaking antitrust laws.
Android users have several options for contactless mobile wallets, while iOS users are restricted to using only the tap-to-pay tech provided by Apple Pay. And, while iPhone and iPad users can download the Google Pay app on their smart devices, they can’t use it as a payment method to make contactless payments in stores.
Additionally, Android does not charge payment card issuers any fees on any of its supported mobile wallets. Meanwhile, Apple Pay will charge card issuers a 0,15% fee on credit transactions and 0,5% for all debit transactions, which led to over USD 1 billion in extra revenues per year, according to the lawsuit.
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