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EU antitrust regulators accept Apple's offer to open up mobile payments system

Economic Times

Economic Times · 1y ago

EU antitrust regulators accept Apple's offer to open up mobile payments system

The European Union has accepted Apple's offer to allow rivals to use its tap-and-go mobile payments system, bringing an end to a four-year-long antitrust investigation. Apple's commitment addresses concerns over restricting third-party mobile wallet developers' access to NFC payments for European iPhone users. The offer will be valid for 10 years, enabling European developers to integrate tap-and-go payments for various functionalities within their iOS apps, such as car keys, transit passes, loyalty programs, and event tickets. The EU had previously charged Apple with hindering competition for its Apple Pay mobile wallet by blocking access to its tap-and-go technology.

Related News

Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say

Economic Times

Economic Times · 1y ago

Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say

EU antitrust regulators are likely to approve Apple's offer to open its mobile payments system to rivals, following tweaks made to the terms. This move by the tech giant is an attempt to settle a four-year investigation by the European Commission, avoiding a potential hefty fine. Apple's offer includes providing free access for other mobile wallets to its near-field communication (NFC) technology, as well as additional functionalities and a dispute settlement mechanism. The proposal is currently under review, with approval expected by May.

Apple faces EU warning to open up iPhone operating

Economic Times

Economic Times · 1y ago

Apple faces EU warning to open up iPhone operating

The European Union is reportedly planning to warn Apple Inc. to open up its iPhone operating system to rival technologies or face potential fines. Under the new Digital Markets Act, EU regulators aim to enforce rules that require operating systems to be compatible with other technologies. While this isn't a formal investigation, the EU is hoping to compel Apple to allow access to key features, such as Siri and the payments chip, to other developers. Failure to comply may result in significant fines of up to 10% of Apple's global annual turnover.

Apple’s hold on the App Store is loosening, at least in Europe

Livemint

Livemint · 1y ago

Apple’s hold on the App Store is loosening, at least in Europe

Apple's control over its iPhone ecosystem is weakening in Europe as Epic Games launches an alternative app store for iPhone users in Europe and Spotify directs users to its website to sign up for subscriptions. Apple, in turn, plans to allow developers in the US and other countries to offer contactless payments through their own apps on iPhones. These changes highlight the impact of new regulations, antitrust enforcement, and rulings that are challenging Apple's control and fees. Apple has defended its approach, citing privacy and security benefits, but faces pressure from developers and regulators.

Apple's iPadOS subject to tough tech rules, EU says

Economic Times

Economic Times · 1y ago

Apple's iPadOS subject to tough tech rules, EU says

Apple's operating system for iPads, iPadOS, has been labeled as a gatekeeper by EU antitrust regulators under the Digital Markets Act. This designation is due to the system's importance to business users. The European Commission's decision came after an investigation and it found that iPadOS serves as an important gateway for many companies to reach their customers. Apple's business user numbers exceeded the threshold by eleven times, and both business users and end users are locked into iPadOS due to its large ecosystem. Apple has six months to comply with the DMA.

Apple fined $2 billion by EU for using App Store to thwart competition

Livemint

Livemint · 1y ago

Apple fined $2 billion by EU for using App Store to thwart competition

The European Union (EU) has fined Apple nearly $2 billion for anti-competitive practices related to the App Store. The EU found that Apple prevented app developers from informing iOS users about alternative and cheaper music subscription services outside the app, violating antitrust rules. This resulted in higher prices for music streaming subscriptions. The fine comes after a complaint from Spotify several years ago. The EU has been actively targeting big tech companies, imposing fines on Google and investigating Apple's mobile payments service. The fine coincides with the implementation of new EU rules aimed at preventing tech companies from dominating digital markets.

Meta's Instagram and Facebook to offer subscription

Livemint

Livemint · 2y ago

Meta's Instagram and Facebook to offer subscription

Social media giant Meta is reportedly considering charging European users around $14 per month for an ad-free subscription to Instagram and Facebook. Meta has shared this plan with privacy regulators in Ireland, digital competition regulators in Brussels, and EU privacy regulators. The proposed subscription would cost around 10 euros per month on desktop, with additional fees for extra accounts. On mobile, the price would increase to approximately 13 euros per month due to commissions charged by Apple's and Google's app stores. It is unclear if EU regulators will approve Meta's plan.

Google, Apple breakups on the agenda as regulators target tech

Thehindubusinessline

Thehindubusinessline · 1y ago

Google, Apple breakups on the agenda as regulators target tech

Big Tech companies Apple and Google are facing increased scrutiny from antitrust regulators, with the possibility of break-up orders looming. The U.S. Department of Justice and 15 states have teamed up to sue Apple for monopolising the smartphone market, while the EU is expected to issue a final decision on Google's alleged anti-competitive practices by the end of the year. Regulators have argued that both companies have created impenetrable ecosystems that make it difficult for customers to switch to rival services. However, legal experts suggest that a break-up may be more difficult for Apple due to its highly integrated system.

Apple to let developers distribute apps directly from their sites

Economic Times

Economic Times · 1y ago

Apple to let developers distribute apps directly from their sites

Apple announced that software developers will soon be able to distribute apps directly to European Union (EU) users from their own websites. This move, set to take place in the spring, is in response to new EU rules that require Apple to open up its closed ecosystem. The Digital Markets Act (DMA) requires Apple to allow alternative app stores on iPhones and enable developers to opt out of using Apple's in-app payment system, which charges high fees. Apple will provide authorized developers with APIs to facilitate app distribution from the web and offer more flexibility in in-app promotions and transactions. These changes come amidst criticism of Apple's compliance efforts from rivals.

EU regulators assess Apple's plan for complying with music streaming order

Economic Times

Economic Times · 1y ago

EU regulators assess Apple's plan for complying with music streaming order

EU antitrust regulators are evaluating whether Apple's proposed solution complies with their directive to let Spotify and other music streaming platforms inform users about payment alternatives outside the App Store. If the proposal doesn't meet the European Commission's satisfaction, Apple could face antitrust charges and additional fines on top of the €1.84 billion penalty imposed last month. Apple's proposal permits Spotify and others to include links on their apps, enabling users to purchase digital content or services through alternative methods. However, these transactions would still incur a 27% fee to Apple. The Commission is currently assessing Apple's compliance with its previous decision.

Apple, Meta, Google set to face EU Digital Markets Act probes

Economic Times

Economic Times · 1y ago

Apple, Meta, Google set to face EU Digital Markets Act probes

Summary: EU antitrust regulators are set to investigate Apple, Meta Platforms, and Google under the Digital Markets Act. The European Commission is expected to announce the investigations and make decisions before the end of EU antitrust chief Margrethe Vestager's term in November, according to sources.

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