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Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App.. The lawsuit alleges that Apple has abused its market power in the mobile peer-to-peer payment industry, limiting ...

Technology giant Apple Inc. faces a class action lawsuit filed by Venmo and Cash App users for allegedly abusing its market power to curb competition for mobile peer-to-peer (P2P) pavenmo cash users sue apple paymentyments, leading to inflated fees.

The plaintiffs in the new lawsuit alleged Apple, Venmo and Cash App “have repeatedly raised prices forvenmo cash users sue apple payment transactions and services with no competitive check.” They argued。

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