City
Epaper

Google to provide alternative payment system in S.Korea

By IANS | Updated: November 5, 2021 10:00 IST

Seoul, Nov 5 Google has pledged to provide an alternative payment system at its app store in South ...

Open in App

Seoul, Nov 5 Google has pledged to provide an alternative payment system at its app store in South Korea, the telecommunications regulator said, in what could be a concession amid a tug-of-war over lucrative payment systems in the app market.

The commitment is part of follow-up measures to a new South Korean law that restricts app store operators such as Google and Apple from forcing their in-app payment systems on developers.

Wilson L. White, Google's public policy and government relations senior counsel, made the comments during a videoconference with Han Sang-hyuk, chairman of the Korea Communications Commission (KCC), according to the regulator.

Google will give a choice to app developers between a third-party payment system and its own in-app billing system at its Google Play Store, the KCC said.

In September, the new law went into effect in South Korea, banning tech behemoths from forcing app developers to use the platforms' only payment systems, reports Yonhap news agency.

South Korea was the first country to introduce such curbs on global tech giants' in-app billing policies, which have been increasingly under scrutiny around the world.

Google and Apple have required developers on their app stores to use their proprietary payment systems that charge fees of up to 30 percent when users purchase digital goods within apps.

Developers around the world have questioned app market operators' exclusive in-app payment systems, opposing their relatively high commissions and demanding that they should be able to freely use other systems.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: appleseoulgoogleSouth KoreaSupport companyWord on macApple educationWho dgRepublic of koreaMicrosoft inc
Open in App

Related Stories

EntertainmentShin Min-Ah and Kim Woo-Bin Wedding: Korean Power Couple Set to Tie the Knot; Pre-Wedding Pic Goes Viral

InternationalGoogle Alerts US Visa-Holding Employees About Overseas Travel Risks Amid Embassy Delays: Report

Social ViralGoogle India’s Year in Search 2025: Sports, Cinema, AI Trends and Cultural Curiosity Defined the Year

NationalApple Opposes Mandatory Cyber App Installation Amid Surveillance Concerns

TechnologyApple Layoffs: iPhone Maker Cuts Jobs Across Sales Segment, Says Report

Technology Realted Stories

TechnologyS. Korean trade minister voices concern over new Canadian steel import policy

TechnologyEVs driving India's growth in clean mobility & jobs: Minister

TechnologySimpler laws, trust-based governance key to India’s growth: FM Sitharaman

TechnologyNHPC to start commercial operations of Subansiri Project’s 2nd unit on Dec 23

TechnologyIndian startup funding jumps 2.6X to $364 million this week