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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) payments, leading to inflated fees.

Apple is being sued by Venmo and Cash App customers in a class action lawsuit, accusing the company of using its market power to limit competition in the mobile peer-to-peer payments sector.

Venmo, Cash App consumers have sued Apple for misusing its power in putting down competition in the mobile peer-to-peer payments space. Apple has been facing similar。

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