Policy · Updated 20 Oct, 03:37 pm IST
Britain proposes rules to reduce Apple's control over contactless payments
Why it matters for readers: If you use phones to pay, this could mean more payment choices and possibly lower costs in the future.
- The CMA wants Apple to lower access fees and remove technical restrictions on its contactless payment technology.1
- The regulator says the proposals would allow digital banks and other providers to compete more easily with Apple Pay.1
- The CMA's measures are less onerous than EU rules introduced in 2024, which required free access for third‑party wallet developers.1
- CMA chief executive Sarah Cardell said the changes would open the door to more innovation and choice in payments, digital IDs and travel passes.1
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