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Industry minister suggests Competition Bureau look at digital wallets
OTTAWA — Industry Minister François-Philippe Champagne says the issue of competition in the big tech-dominated digital wallet market should be on the Competition Bureau’s radar.
In a letter to the bureau, Champagne points to other countries that are taking action to ensure no one entity dominates the space.
In a deal approved last week, the European Union accepted a promise by Apple to open its “tap to pay” iPhone payment system to rivals, ending an EU anti-trust case.
Mobile wallets rely on near-field communication, or NFC, which uses a chip to wirelessly communicate with a merchant’s payment terminal.