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

LifestyleGoogle Rolls Out Mother’s Day 2026 Doodle; Search Engine Giant Celebrates Occasion With Handcrafted Card

BusinessWho Is John Ternus? Apple Hardware Chief Set To Replace Tim Cook As CEO

TechnologyIPL 2026 Google Doodle: Search Engine Giant Rolls Out Neon-Themed Doodle to Celebrate Start of Indian Premier League

EntertainmentBTS Make Grand Comeback With Concert in Seoul After 4 Years; Fans React on X

InternationalSouth Korea Halts Military Live-Fire Drills After Child Hit by Suspected Stray Bullet in Daegu

Technology Realted Stories

TechnologyDGCA directs OEM to inspect fuel control switch in presence of its officers for Air India

TechnologyCMFRI study reveals complex mating patterns in Indian Squid

TechnologyHere's why the POCO X8 Pro Max is built differently

TechnologyFM Sitharaman urges top US nuclear firms to invest in India

TechnologyGlobal AI spending expected to surge 47 pc to $2.59 trillion in 2026