UK opens probe into risks of using Apple Wallet and rivals

A pair of UK regulatory bodies have launched a joint and all-encompassing investigation into digital wallets, including Apple Wallet, concerning fees, anti-competitive actions, and harm if they stop working.

The UK officially split from the European Union years ago, but it is still copying its legislation, and now, under a new government, it is also looking into topics the EU has already settled. In this case, it has to do with issues around Apple Wallet, where the EU recently accepted Apple’s offer of opening up its technology to rivals in the region.

According to Bloomberg, both the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have begun what’s being described as a fact-finding mission. As well as Apple Wallet and Apple Pay, the regulators are examining Google and PayPal.

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