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Apple Pay, Google Pay could harm competition in digital wallets, UK regulators suggest

By Phoebe Seers ( July 15, 2024, 16:15 GMT | Insight) -- Apple Pay and Google Pay’s grip on digital wallets has come under scrutiny from two UK regulators. Evidence suggests the presence of barriers to entry and expansion for third-party digital wallets, the FCA and the PSR said in a paper published todayApple Pay and Google Pay’s grip on digital wallets has come under scrutiny from two UK regulators. Evidence suggests the presence of barriers to entry and expansion for third-party digital wallets, the Financial Conduct Authority and the Payment Systems Regulator said in a paper published today. ...

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