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flag UK man sues Apple for £1.5B, claiming Apple Pay’s monopoly raised fees for 50M consumers.

flag A UK campaigner, James Daley, has filed a £1.5 billion class action lawsuit against Apple, alleging Apple Pay’s exclusive control over iPhone contactless technology forced banks to pay hidden fees, which were passed on to consumers, increasing costs on accounts, cards, and loans for up to 50 million people. flag The case, submitted to the Competition Appeal Tribunal, claims Apple’s practices created anti-competitive conditions. flag Apple denies the claims, stating Apple Pay is free, secure, and offers consumers choice, with recent expansions to third-party apps. flag If successful, average payouts could reach £26 per affected person.

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