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France Questions Tech Giants’ Impact On Digital Banking

By  |  May 20, 2020

France’s antitrust watchdog announced plans Wednesday to scrutinize the fintech industry and said it will be looking into what impact tech giants including Apple and Google are having on digital payments.

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    The Autorité de la concurrence said Wednesday it’s seeking feedback through a public consultation on how markets have evolved, the power of firms, and possible competition concerns.

    “What are your views on the arrival of major digital players into the payments sector in France?” antitrust officials asked in the consultation document, citing Apple Pay and Google Pay.

    Full Content: Law 360

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