Apple Pay faces UK contactless crackdown — new rules could change iPhone tap-to-pay and pave the way for NFC…
- The UK government wants more Apple Pay alternatives for consumers
- It’s proposing opening the technology up to other companies
- It also wants Apple to charge lower fees for access
If you pay for an item using the contactless tech on any of the best iPhones, you’re locked into Apple’s way of doing things. But the UK government’s competition regulator — the Competition and Markets Authority (CMA) — is proposing new rules that could blast open the way you pay using your iPhone.
According to a press release on the UK government website, the CMA believes that “Apple’s fees and rules are blocking UK fintechs and other businesses from innovating and growing” and that its proposed changes are “expected to result in substantially lower access fees, helping make it commercially viable for more businesses to innovate and compete.”
The CMA pointed out that no rivals to Apple Payexist...
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