Tag Archives: Payment

South Korean messaging giant Kakao confirmed today it will remove an external payment option after Google blocked the South Korean company behind KakaoTalk from issuing updates.  The South Korean company continued using an external payment link in its Android app against Google’s new in-app payment rules. While the app’s updates were suspended on June 30, the local reports about the KakaoTalks’ updates being blocked on the Play Store only emerged last week.

Google has stopped providing updates to popular messaging app KakaoTalk in South Korea, according to a local report, after Kakao continued using an external payment link in its Android app, against Google’s new in-app payments policy. Google’s new policy requires developers selling digital goods and services to use Google’s first-party billing system, but Kakao has been using an external link to its own website. This is the first time Google has stopped… Source link

PARIS, June 21 (Reuters) – Alphabet unit Google (GOOGL.O) has made commitments to resolve a dispute in France over copyright for content used online, the country’s antitrust authority said on Tuesday. Google, owned by Alphabet, also dropped its appeal against a 500 million euro ($528 million) fine and paid it, the authority said. read more The decision brings to an end its investigation against Google, which has agreed to hold talks with news agencies and other publishers to pay for the use… Source link

South Korean app developers and content providers are upping their paid subscription and service fees on Google’s Play marketplace due to the heavy 15-30% commissions now required following Google’s policy changes that force apps to use its own first-party billings and payments system. While South Korean law permits app developers to use a third-party payment option, this only reduces Google’s commission by 4% — and that’s not enough, developers… Source link

Google has reached an interim agreement with Match Group, the dating app provider behind Tinder, Hinge, and OkCupid, that will allow its apps to remain on the Google Play Store while offering alternate payment systems, as first reported by The Wall Street Journal. Earlier this month, Match Group filed a complaint against Google, alleging the company “illegally monopolized the market for distributing apps” by requiring app developers to use Google’s billing system and then taking up… Source link

May 20 (Reuters) – Match Group Inc (MTCH.O) said on Friday that Alphabet Inc’s (GOOGL.O) Google will temporarily allow the dating apps maker to offer users a choice in payment systems. Match sued Google earlier in May, calling the action a “last resort” to prevent Tinder and its other apps from being booted off the Google Play store for refusing to share up to 30% of sales. read more The date for the trial is currently set for April 2023. Register now for FREE unlimited access to Reuters.com

Match Group, the company behind popular dating apps such as Tinder, Match, and OkCupid, is suing Google over its restrictive billing policies on the Play Store. In its complaint, Match Group claims Google “illegally monopolized the market for distributing apps” on Android by forcing apps to use Google’s own billing system and then taking a cut of the payments. Match Group’s complaint plays off an earlier lawsuit Epic Games filed against Apple in 2020, alleging that Apple engaged… Source link

Russian central bank governor Elvira Nabiullina said most Russian banks and 52 foreign organisations from 12 countries had access to the country’s alternative to Swift.Shamil Zhumatov/Reuters Some Russian banks have been banned from the SWIFT banking system due to the Ukraine war. Russia is now urging the use of its alternative System for Transfer of Financial Messages. Russia’s central bank said it will stop revealing the names of those participating in its alternative to SWIFT. Russia’s… Source link

Jack Mallers, founder and CEO of payments application, Strike, believes Bitcoin can bring the first real change to the payments industry since the invention of the credit card. Trading just above $41,000 as of Tuesday afternoon, down about 2% over the past month, Bitcoin is used primarily as a store of value asset that critics and long-time investors agree trades like risk-on equity, making it much less useful as a medium of exchange than cash. But Mallers argues that Bitcoin’s underlying… Source link

Since the start of the Ukraine War, a barrage of western sanctions has crippled the Russian economy and wreaked havoc on its financial system. The country has been largely cut off from the international payment system SWIFT, seen its access to $630 billion in foreign exchange reserves restricted, and watched as more than $17 billion in assets were seized from Russian oligarchs. But for the past eight years, Russia has been preparing for the worst. In June of 2014, just three months after its… Source link