The Dutch competition regulator is set to probe the impact of US and Chinese big technology firms on the country’s payments market, hinting at concerns their entry into the Netherlands could throttle the competitive benefits of new EU regulations.
The Netherlands Authority for Consumers & Markets (ACM) launched the “market study” on Tuesday, in which it plans to go on a listening tour of local payment services providers and industry experts before handing down results in mid-2020.
The authority said it seeks to determine whether Silicon Valley’s Amazon, Apple, Facebook and Google and China’s Tencent and Alibaba have concrete designs on Dutch payment services customers.
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