Apple, Visa and Mastercard want to reduce competition in payment services accusations of bribery is on the agenda. Visa and Mastercard, two of the largest payment companies in the world, are being acquired by Apple. suppress competition were involved in an antitrust case in which they accepted bribes.

For those who don’t know antitrust, It refers to the policies followed by governments to prevent trade barriers and market competition. So what are the details of this case?

The lawsuit states that illegal agreements were made.

Under these agreements, Apple charges fees to users who use Visa and Mastercard in its payment systems. more shares He allegedly bribed two companies to buy it. Users pay Visa and Mastercard fees for each transaction when using Apple Pay. He made a payment to Apple It has been said. In addition, the two companies paid large sums of money to Apple and a continuous cash flow It is indicated that it will continue.

So Apple’s own payment system By investing less out of your own pocket It is said that it will continue its investments with the cash flow from the two companies. In addition, Apple’s iPhones that use other companies’ payment methods NFC chips It is also one of the similarities that disables it.

Apple recently removed the NFC chips it uses in iPhones in response to ongoing antitrust suits in the European Union. wants to make available to other companies It was explained. However, it is not yet known whether this application will be implemented in the future.