Technology
‘We don’t want them to own the payments system’: Apple, Google face possible new probe – Sydney Morning Herald
A parliamentary inquiry into digital payment systems such as Apple Pay and Google Pay is being considered due to competition fears.
Big tech has enormous power already and we dont want them to own the payments system, he said. We want to see innovation and competition but not if its just between Google and Apple.
We have to ensure there is competition in the sector, not just monopoly players that allow them to increase fees and costs.
In a submission to the Treasurys inquiry into the nations payment system, the Match Group which provides dating apps such as Tinder, Hinge and Plentyoffish raised concerns about the online payment…
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