Apple and Google can no longer force app developers to use their payment methods.
A major point of contention in digital markets around the world is the forced use of certain payment methods on app stores. Whether developers list their apps on Apple’s App Store or the Google Play Store, Apple and Google’s respective payment methods take a 30% commission from any payments received. These app taxes have been a sticking point for small business app developers who are tired of paying fines to Apple and Google. While here in the states, companies have been waging private lawsuits, elsewhere, the governments themselves have taken up arms.
In a global first, Google and Apple will have to open their app stores to alternative payment systems in South Korea, threatening their commissions https://t.co/ySAs1JSHdq
— The Wall Street Journal (@WSJ) August 31, 2021
The South Korean parliament passed a new bill today that prevents Apple and Google from forcing their respective stores’ payment methods onto app developers. Once the bill is signed by South Korean President Moon Jae-in, it will become law.
New law will force Google and Apple to allow alternate payment systems for in-app purchases in South Korea https://t.co/9C7d6IhZ4j
— TechCrunch (@TechCrunch) August 31, 2021
Spokespeople for Apple and Google have both expressed concerns with the bill. The Apple spokesperson said that it will “put users who purchase digital goods from other sources at risk of fraud, undermine their privacy protections, make it difficult to manage their purchases and features like ‘Ask to Buy’ and Parental Controls will become less effective.”
The Google spokesperson added that there is a practical reason for the 30% service fee, saying it “helps keep Android free, giving developers the tools and global platform to access billions of consumers around the world.”
GOP Senators Attempt to Recruit Joe Manchin
Apple Headhunts AR Worker from Meta
-
Michael Saylor, a prominent figure in the world of cryptocurrency, has seen significant gains this week as the value...
-
The Office for National Statistics (ONS) released official figures on Wednesday, revealing that the United Kingdom posted a record...
-
As scrutiny intensifies, Fujitsu faces repercussions for its role in the Post Office scandal. The UK government has issued...
-
Tech Billionaire Proposes Renaming Wikipedia to ‘Dickipedia’ in Exchange for Record Donation In a recent social media spectacle, tech...
-
Urgent IMF Deal Needed to Prevent Pakistan’s Economic Collapse, Bloomberg Warns Bloomberg, a renowned US-based financial news service, has...
-
Federal student loan borrowers are in a tough situation as the pause on loan payments, implemented during the pandemic,...
-
Silicon Valley Bank’s Acquisition Fallout: Rising Unemployment and Uncertain Future First Citizens BancShares Inc., the new Silicon Valley Bank...
-
President Joe Biden and House Speaker Kevin McCarthy engaged in crucial negotiations on Monday to address the US government’s...
-
Secure your financial future with the 50/30/20 rule! As the cost of living continues to increase in 2023, managing...
-
Common treatments and medicines are becoming more expensive and harder to get. According to a new report released this...
-
A California appeals court overturned the challenge to Proposition 22. Back in 2020, California voters passed Proposition 22, which...
-
Tesla is looking to spark interest in its most expensive models. In the last several months, prominent electric vehicle...