Apple’s Dynamic Change in App Payments Creates Opportunities for PSPs
Apple’s Dynamic Change in App Payments Creates Opportunities for PSPs (19459000)
By: Pedro Ferreira
Apple, a member of the European Union (EU), has announced a series of transformative changes in iOS, Safari and the App Store to comply with the Digital Markets Act. 600 new APIs have been added to expand App Analytics, aiming to promote the development of innovative payment options through apps. These changes also aim to provide a secure and improved user experience for EU users, while opening new opportunities for developers.
Developers are encouraged to explore the new tools available for alternative app distribution and payment processing. Apple has implemented strict safeguards for mobile apps and payment processing to address concerns such as malware, fraudulent activities and illegal substance content.
Other changes
Apple has introduced more than 50 upcoming reports covering areas such as streaming games and gaming around the world, engagement, commerce and app usage.
iOS changes in the EU include a new option to distribute iOS applications through alternative app marketplaces, with access to new tools and APIs. Developers can now use NFC technology to create new wallets and banking applications using APIs, as well as make use of third-party contactless payment apps in the EU.
Developers with EU-based apps will see changes in the App Store that impact various Apple operating systems.
Payment options have been expanded, with the introduction of service providers (PSPs) within payment processing apps. New options are also available for payment processing via link-out, allowing users to complete transactions on developers’ external websites. Apple has also announced new options for EU app terms and conditions, including payment processing fees and reduced commissions, as well as a fee for core technology.
Apple offers a new report and fee calculator for developers to estimate the impact of new terms and conditions on their app business.
The conclusion of the article is:
Apple’s new strategic direction opens up significant opportunities for payment service providers to comply with EU regulations and for developers to process payments in apps. The future of mobile payments in the EU will be shaped by the role played by app payments.
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