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EU digital identity wallet to stir paytech market

Payments Dive

The EU would require big tech companies, like Apple and Google, to offer their customers payment services through the new digital identity wallet if the regulation is approved.

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Indian Antitrust Regulator Targets Google Over Google Pay Concerns

PYMNTS

India’s competition watchdog is taking aim at Google for allegedly abusing its market power to push its payments app in one of the world’s fastest-growing markets. 9) that it is launching an antitrust case against Google. It is also looking into whether the billing system for Google Play favors Google Pay.

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Google Approved By EU To Acquire Fitbit

PYMNTS

Even amid a crackdown on tech acquisitions, Google has managed to win European Union approval for its $2.1 The move comes as regulators in the EU are looking at ways to keep U.S. Big Tech companies from over-extending their dominance of the markets. billion purchase of fitness tracker Fitbit , according to Bloomberg.

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Google Quits Cookies As Data Privacy Regs Show Fangs

PYMNTS

Looks like the digital advertising and marketing sectors are in for a reckoning. The Merchants’ Guide to Navigating Global Payments Regulations , powered by Ekata, dives deep into this complex and unsettled topic, from possible abrupt retail impacts to long-term open banking repercussions. Together in a Privacy Sandbox.

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Australian Regulator To Examine Apple, Google App Stores

PYMNTS

Apple and Google executives may be wondering if there's an app for, "time to call the lawyers.". 8) issued a news release stating that it will look at the market power the two companies exert in the country. The Australian Competition and Consumer Commission (ACCC) on Tuesday (Sept. Public input will be accepted until Oct.

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Google, Facebook May Have To Pay Australian News Publishers

PYMNTS

Two days after Google and Facebook CEOs testified before Congress over alleged antitrust violations, Australia has proposed regulation that could force the tech giants to pay Australian news outlets to distribute their content. In response, Google said it was disappointed by the proposal. Google has denied the charges.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.