Stock Market News

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

2022.06.11 17:15

Dutch watchdog says Apple to offer other payment methods in dating apps
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:AAPL) 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:MTCH) 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

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,583.39 1.12%
ethereum
Ethereum (ETH) $ 1,906.96 1.98%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.32 4.09%
bnb
BNB (BNB) $ 603.38 1.63%
solana
Solana (SOL) $ 129.19 5.13%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.704373 6.75%
dogecoin
Dogecoin (DOGE) $ 0.169637 3.93%
tron
TRON (TRX) $ 0.214971 3.60%
staked-ether
Lido Staked Ether (STETH) $ 1,904.81 1.99%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,508.37 0.90%
pi-network
Pi Network (PI) $ 1.41 3.36%
leo-token
LEO Token (LEO) $ 9.77 0.31%
chainlink
Chainlink (LINK) $ 13.63 3.19%
the-open-network
Toncoin (TON) $ 3.40 1.43%
usds
USDS (USDS) $ 0.999992 0.06%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,285.31 1.64%
stellar
Stellar (XLM) $ 0.267252 2.96%
hedera-hashgraph
Hedera (HBAR) $ 0.188246 2.14%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 4.66%
avalanche-2
Avalanche (AVAX) $ 18.71 0.14%
sui
Sui (SUI) $ 2.26 4.91%
litecoin
Litecoin (LTC) $ 90.28 3.31%
mantra-dao
MANTRA (OM) $ 6.80 3.58%
bitcoin-cash
Bitcoin Cash (BCH) $ 331.53 4.03%
polkadot
Polkadot (DOT) $ 4.27 2.61%
ethena-usde
Ethena USDe (USDE) $ 0.999982 0.01%
weth
WETH (WETH) $ 1,908.56 1.85%
bitget-token
Bitget Token (BGB) $ 4.41 1.11%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999563 0.10%
hyperliquid
Hyperliquid (HYPE) $ 13.47 7.97%
whitebit
WhiteBIT Coin (WBT) $ 28.52 1.31%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,025.94 1.89%
monero
Monero (XMR) $ 211.18 0.82%
uniswap
Uniswap (UNI) $ 6.13 0.94%
susds
sUSDS (SUSDS) $ 1.04 0.04%
dai
Dai (DAI) $ 1.00 0.03%
aptos
Aptos (APT) $ 5.20 2.91%
near
NEAR Protocol (NEAR) $ 2.57 3.90%
okb
OKB (OKB) $ 49.30 4.88%
pepe
Pepe (PEPE) $ 0.000007 6.94%
mantle
Mantle (MNT) $ 0.818134 9.84%
internet-computer
Internet Computer (ICP) $ 5.65 2.48%
ethereum-classic
Ethereum Classic (ETC) $ 17.58 2.66%
gatechain-token
Gate (GT) $ 21.54 0.68%
ondo-finance
Ondo (ONDO) $ 0.831832 5.23%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,672.42 0.92%
aave
Aave (AAVE) $ 167.93 4.22%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.89 1.76%