The UK’s CMA is urging Apple to open iPhone contactless tech and lower fees to boost payment app competition.File photo: Apple PayAnother Challenge from Europe?The United Kingdom’s Competition and Markets Authority (CMA) has introduced a new set of proposals aimed at reducing Apple’s strong control over the iPhone’s contactless payment technology. The agency intends to open up the device’s tap-and-go capabilities, allowing alternative payment apps a fair opportunity to compete.Currently, when users want to utilize contactless payments on an iPhone, Apple’s ecosystem rules dictate how this is implemented. The CMA points out that high fees, strict terms, and technical barriers have made it nearly impossible for competing wallet services to launch independent tap-and-go apps in the UK.Despite the growing popularity…Read More
UK Regulator urges Apple to open up iPhone contactless tech and lower fees
|
