EU claims Apple breaking competition law over contactless payments

Apple could face fines worth up to 10% of its global revenues, which totalled $365bn in 2021, if the charges are upheld.

European regulators are also investigating Apple over how it may be disadvantaging rivals by taking up to a 30% fee on purchases and subscriptions made through its App Store, which it found ultimately resulted in higher prices for consumers, following a complaint lodged by the music streaming service Spotify in 2019.