Business · 3 hours ago
Apple to see UK crackdown on iPhone contactless payment fees
Photo by Julio Lopez on Pexels
Britain's competition watchdog wants Apple to open up its contactless payment technology on iPhones, saying its high fees stifle competition. On Tuesday, the Competition and Markets Authority (CMA) stated that Apple's existing terms hinder other companies from developing competing payment solutions. The change could let iPhone users make contactless payments using other apps, not just Apple Pay, and lower access charges.
Reported by City AM · How we write briefs