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UK Targets Apple

The competition watchdog proposes lower fees and easier access to Apples payment technology to help digital banks and fintech firms challenge Apple Pay, reports Asianlite News Desk. Britains competition regulator has proposed measures to reduce Apples dominance in contactless payments, seeking to lower fees and remove technical barriers that make it harder for rival services to compete with Apple Pay. The Competition and Markets Authority (CMA) said on Tuesday that its proposals would provide competitors with easier access to Apples contactless technology and substantially reduce access fees, potentially opening the market to digital banks and other payment providers. The regulator

21 Oct 2026 9:57 am