The tide is turning quickly. A day after South Korea's parliament approved a bill that forces Apple and Google to allow third-party payments on their app stores, an Indian non-profit has filed a complaint with the competition regulator, seeking a probe into Apple's huge commissions on in-app purchases. Google has been the subject of a
The company will now allow developers to opt for the ‘new regime which lets users within the EU download apps and make purchases outside the Apple app store. It will also permit developers to distribute their apps via alternate stores, thereby also opting out of Apples in-app payment system.
Over the past year, many venture-funded startups such as BharatPe, Byju s, Zilingo, Rahul Yadav s 4B Networks, and now Mojocare, have come under the spotlight for lapses in governance and even allegations of fraud. Now, audit firms are approaching VCs to help scrutinise their portfolio companies, sources have told ET. This and more in todays ETtech Morning Dispatch.
The CCI may ask the iPhone company to make changes to its app store billing and commission policies, as it has done in the case of Google, experts said. That would require Apple to open the walled garden , its closely guarded iOS operating system, something that the world s most valuable company has not had to do anywhere in the world.