AAPL

Brazil’s CADE says Apple must lift restrictions on in-app payments

Brazil’s antitrust regulator CADE says Apple (AAPL) must allow app developers to link to external payment methods and to offer other in-app payment processing options, as the watchdog moved to proceed with an investigation into a complaint filed by MercadoLibre (MELI). CADE ruled that Apple must allow app developers to add tools so customers can buy their services or products outside the app, such as through the use of hyperlinks to external websites, and must allow app developers to offer other in-app payment processing options apart from the one owned by Apple. Apple will have 20 days to comply with the measures, CADE said, imposing a 250,000 real fine per day if Apple fails to comply with the demands.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on AAPL:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.