Get the latest tech news
Apple Pay under investigation in U.K. amid ‘seismic shift’ in consumer behavior
Financial authorities survey stakeholders on benefits and risks of digital wallets.
In a press release Monday, the Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) launched what they describe as a “call for information” as they seek to understand changes to the consumer landscape. “Digital wallets are steadily becoming a go-to payment type, and while this presents exciting opportunities, there might be risks too,” wrote PSR managing director David Geale. As Bloomberg notes, it comes only days after Apple successfully avoided being fined by the European Union by opening up its tap-to-pay tech to other payment service providers.
Or read this on r/apple
