Saturday, December 13, 2025
The Worldโ€™s Leading Claims Event

The Netherlands Authority for Consumers and Markets probes NFC payments

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

โ€“ Access the Media Pack Now

โ€“ Book a Conference Call

โ€“ Leave Message for Us to Get Back

Related stories

Bank of America Wants Wealth Management Clients to Opt Crypto

One of the largest financial institutions in the world,...

Extend Widens its Spend Management Platform to All Cards

Extend has widened its expense and spend management platform...

Goldman Sachs To Acquire Innovator Capital for Almost $2bn

Goldman Sachs to acquire Innovator Capital Management, which is...

The Netherlands Authority for Consumers and Markets (ACM) has launched an investigation into competition in smartphone-based NFC payments, examining whether limitations on access to NFC payments functionality on some devices violates domestic laws.

In a statement, ACM noted many phones use NFC technology for contactless payments, but some devices โ€œonly allows the software developerโ€™s own payment appโ€ to use the capability.

The ACM plans to investigate whether this breaks competition laws by hindering innovation and reducing user choice in payment apps.

If breaches are found, ACM says it will issue penalties including fines, though it added it would close the case if no problems are uncovered.

The regulator previously flagged the issue in a report on the Dutch payment market issued on 1 December, calling on major technology companies including Apple, Facebook, Amazon, and Ant Group to โ€œmaintain a level playing field for NFC payments servicesโ€ on smartphones and smartwatches.

In June, the European Commission opened an investigation into allegations Apple restricted access to NFC on iPhones and refused competitors access to its Apple Pay service.

Margrethe Vestager, the EUโ€™s competition chief, says: โ€œIt appears that Apple sets the conditions on how Apple Pay should be used in merchantsโ€™ apps and websites. It also reserves the โ€˜tap and goโ€™ functionality of iPhones to Apple Pay. It is important that Appleโ€™s measures do not deny consumers the benefits of new payment technologies, including better choice, quality, innovation and competitive prices.โ€

Apple said the company followed the law and embraced competition. It response it posted: โ€œItโ€™s disappointing the European Commission is advancing baseless complaints from a handful of companies who simply want a free ride, and donโ€™t want to play by the same rules as everyone else.โ€

 

Latest stories

Related stories

Bank of America Wants Wealth Management Clients to Opt Crypto

One of the largest financial institutions in the world,...

Extend Widens its Spend Management Platform to All Cards

Extend has widened its expense and spend management platform...

Goldman Sachs To Acquire Innovator Capital for Almost $2bn

Goldman Sachs to acquire Innovator Capital Management, which is...

Nomura, OpenAI Collab on Asset Management Advancement

Nomura has inked a strategic collaboration agreement with OpenAI...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

โ€“ Access the Media Pack Now

โ€“ Book a Conference Call

โ€“ Leave Message for Us to Get Back

Translate ยป