Apple and Google must allow other in-app payment systems, Korean law declares (theverge.com)

Article summary

South Korea has passed a law requiring Apple and Google to allow other in-app payment systems, potentially reducing their 30% cut from in-app purchases. The law may have global implications for the tech giants' app stores. Apple and Google have expressed concerns about the law, citing potential risks to users and the complexity of implementing alternative payment systems. The law is expected to be signed into law by the President of South Korea.

Main themes

• app store regulation
• in-app payment systems
• tech monopolies
• developer rights
• competition and innovation
• regulatory measures

What commenters say

• The 3% fine for non-compliance may not be enough to motivate Apple and Google to change their payment systems.
• Allowing alternative payment systems will increase complexity and costs for developers, potentially benefiting large companies more than small ones.
• Developers should have the choice to use alternative payment systems and not be forced to pay Apple's 30% cut.
• The law is a necessary step to promote competition and reduce the dominance of Apple and Google in the app market.
• Apple's and Google's control over their app stores is not justified and stifles innovation.
• The law may lead to fragmentation and higher costs for developers, but it also provides an opportunity for them to reach customers through alternative payment systems.
• Regulators should prioritize promoting competition and reducing the power of tech monopolies, rather than protecting their interests.
• The issue is not just about payment systems, but also about the licensing fees and terms imposed by Apple and Google on developers.