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UK regulator moves to open iPhone contactless payments
Original: The UK CMA proposed reforms to unlock iPhone contactless payments, demanding Apple lower developer fees and open its clo
The UK Competition and Markets Authority has proposed reforms to open up contactless payments on iPhones, calling on Apple to lower developer fees and grant third parties access to its closed NFC tap-to-pay system. The move would let rival wallet and payment providers compete with Apple Pay on iPhones sold in Britain. The proposals form part of an ongoing antitrust review of Apple's dominance in mobile payments.
Why now: UK regulators have put forward new rules that could break Apple's grip on iPhone payments, affecting banks, fintechs and consumers.
AppleUK Competition and Markets AuthorityApple Pay
Evidence
- The UK CMA proposed reforms to unlock iPhone contactless payments, demanding Apple lower developer fees and open its closed NFC ecosystem. # Apple # CMA # FinTech # ContactlessPayments # Antitrust https:// securityonline.info/uk-cma-iph… · DailyCyberSecurity@infosec.exchange · 2
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