Apple faces UK crackdown over iPhone contactless payments Tech Apple could be forced to slash the fees it charges rival payment providers and loosen its grip on iPhone contactless technology under new proposals unveiled by Britain’s competition watchdog. The Competition and Markets Authority (CMA) said on Tuesday that Apple’s high fees and restrictive terms were stifling competition, preventing businesses from developing alternatives to Apple [...]
Tesla and Apple shares surge as US markets rally on trade deal Markets Markets on Wall Street soared on Monday as investors welcomed the trade progress between the US and China. The S&P jumped over 2.6 per cent as markets opened and the Dow Jones 2.41 per cent. Amazon gained over seven per cent and Nike six per cent. The tech-heavy Nasdaq rallied 3.5 per cent. Tech giants [...]
FCA and UK payments regulator launch inquiry into ‘risks’ of Paypal, Apple and Google Pay Banking It follows previous work by the PSR on contactless mobile payments and the FCA’s examination of big tech’s role in financial services.
London fintech Curve to launch Apple Pay rival that could save banks ‘millions’ May 30, 2024 Currently, banks and financial institutions incur significant fees for transactions processed through Apple Pay.