Dutch watchdog says Apple to offer other payment methods in dating apps By Reuters


© Reuters. FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo/File Photo

(Adds slug for media)

(Reuters) – The Netherlands’ antitrust watchdog on Saturday said Apple Inc (NASDAQ:) will allow different payment methods in Dutch dating applications, ending a dispute that resulted in the company being fined 50 million euros ($52.58 million).

The Authority for Consumers and Markets (AMC) said in a statement https:// that with this concession, Apple will meet the requirement that the regulator had set under the European Union and Dutch competition rules.

The iPhone maker has long mandated use of its in-app payment system, which charges commissions of up 30% that some developers like Tinder owner Match Group Inc (NASDAQ:) have argued are too high.

Apple did not immediately respond to Reuters’ request for comment.

“In the digital economy, powerful companies have a special responsibility to keep the market fair and open. Apple avoided that responsibility, and abused its dominant position vis-à-vis dating-app providers,” said Martijn Snoep, chairman of the board of ACM.

“We are glad that Apple has finally brought its conditions in line with European and Dutch competition rules.”

The ACM ruled last year that Apple’s rules violated Dutch competition laws in the dating app market and required Apple to allow those developers to use third-party payment processors.

On Friday, Apple laid out rules on how developers of dating apps offered in the Netherlands can skip its in-app payment systems.

It said that dating app developers will still have to pay it commissions for sales made outside of its in-app payment system, though it will give them a slight discount.

($1 = 0.9510 euros)



Source link

Related articles

The market is ready for indicators from Donald Trump

I spoke to Reuters earlier at present concerning the state of markets and my feedback boiled all the way down to this:"There are two ​paths Trump can go down - he can double...

Santiago Peña Steps Down as Ueno Financial institution Disaster Rocks Paraguay

Paraguayan President Santiago Peña introduced his resignation Thursday amid a deepening political disaster triggered by the collapse of digital lender Ueno Financial institution.In a video posted to X, Peña mentioned he was stepping...

Malampaya Section 4 achieves first gasoline from two deepwater wells offshore Phillippines

(WO) - The Malampaya Section 4 (MP4) mission has delivered first gasoline from the Malampaya East-1 and Camago-3 wells into the prevailing Malampaya manufacturing system offshore Palawan, including an estimated 222 Bcf of...

The primary humanoid robotic firm goes public with $1.8 million in income and a $138.1 million loss

What simply occurred? Agility Robotics, the corporate behind the Digit humanoid robotic utilized in Amazon warehouses will turn into the primary humanoid-focused firm to go public within the US this...

Wall Road Breakfast Podcast: The VIX Plunges In Publish-Election Rally (undefined:VIX)

Obtain this episode on Apple, Spotify, or hear beneath: The VIX plunges after a robust post-midterms rally....
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com