Friday, July 12, 2024

Apple Pay Antitrust case: EC press conference (get your alternative wallets default and ready)

It's obviously hard to get excited about online payment methods, but this is the most important thing to happen at the interface between fintech, big tech, and competition that I can think of.

Press conference here.

Press release here

Lucky us, Natasha the Great covered it, here.

I wonder how Australian banks - and the @acccgovau - are taking this news, eight years later (from @wavesblog archives  https://www.afr.com/companies/financial-services/apple-is-closed-and-controlling-say-banks-as-iphone-dispute-heats-up-20161017-gs4590 - interestingly also, in retrospect, who their economic consultant was.