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Apple Pay draws antitrust attention

Apple’s next antitrust battle is shaping up to be over Apple Pay, the company’s digital wallet, as the Covid-19 pandemic turbocharges use of contactless payments. Apple Pay is growing fast as consumers try not to touch buttons or handle cash because of the coronavirus.

“Apple Wallet is a killer app — more of a killer app than much of the world really understands right now. And it’s absolutely going to become a battleground for regulators in the future.”

Tags

apple pay, payments, antitrust, regulation, contactless payments