Within the first three months of 2015, Apple Inc. has increased its spending on lobbying efforts by 16 percent. The company’s main focus seems to be on issues related to mobile payments.
In a recently filed lobbying report, Apple revealed it spent $1.24 million in the first quarter on these efforts, compared to $1.07 million during the same period last year. Although issues related to taxation and consumer privacy were also discussed, Apple representatives advocated on “issues related to mobile payments” to the Treasury Department and members of the Senate and House.
Mobile payments are a particularly important issue to the California-based company as it has recently introduced Apple Pay, a service allowing owners of an iPhone 6 or later to use their devices as a bank or credit card at equipped cash registers. In February, President Obama announced in a visit to Palo Alto, California that Apple Pay will be enabled for users of federal-payment cards, including Social Security and veterans’ benefits that are paid out through debit cards.
Although Apple is the largest company in the world by market capitalization, it is still not the leader in lobbying efforts. Last year Apple spent $4.1 million, its largest sum ever on lobbying, while Google has spent $5.74 million just in the last quarter.