Apple warns of risks from German law to open up mobile payments

reuters.com

4 pointspaglia_s3 comments

I guess the story here is that payment providers, including Apple, are required to open-up to third-parties under FRAND conditions according to late-night legislation. Didn't see this one coming.

I didn't read it closely... but isn't this about Apple the device manufacturer?

Ie. the device manufacturer called Apple is to be forced to make contracts with payment providers on FRAND terms rather than having an exclusive relationship with the payment provider called Apple.

(I suppose the same applies to other device manufacturers, if any have/own/are payment processors.)

Germany warns of risks from Apple intent to leverage influence over financial institutions & become sole payment processor available to iPhone users.

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