SQUAWK/NEWS
Account
Theme
Account
Menu
Live News REGULATION ARTICLE M impact

UK Regulator Proposes Measures to Open Apple Contactless Payments

The Competition and Markets Authority proposed that Apple lower fees and remove technical barriers to help rival contactless payment services compete with Apple Pay.

AAPL

By Paul SandleBritain's competition regulator said on Tuesday it was seeking to loosen Apple's grip on contactless payments by proposing that the company lower fees and remove technical barriers, helping rival services compete with Apple Pay.The Competition and Markets Authority (CMA) said its prop…