Apple Hit With EU Antitrust Complaint Over IPhone Payments (1)

Apple Inc. was hit by a formal antitrust complaint from the European Union over how it handles iPhone payment services, an area where regulators say the tech giant favors its own technology over rival platforms.

The European Commission sent a so-called statement of objections alleging that the company abuses its control over mobile wallets by limiting how third-party firms can provide services on the iPhone. The move escalates a probe that began nearly two years ago. If confirmed, the company could face hefty fines under EU antitrust rules.

The issue centers on Apple Pay, which customers can use via the ...