Apple is set to add alternative payment support for its App Store in South Korea, following a new law that bans app marketplaces from forcing their own payment systems, The Korea Herald reported, citing the country’s telecommunications regulator.
Last November, Google said it would provide an alternative payment system in the country for its Play Store, which would have a slightly lower service charge. Apple will offer a reduced service charge as well, the report noted.
Apple did not reveal when the change will take effect, but the company said it will remain in discussions with the Korea Communications Commission regarding further details.
The new law came into effect on September 2021, and app marketplaces that do not comply will receive a fine. South Korea became the first country to introduce such a law.
Editing by Collin Furtado and Lorenzo Kyle Subido
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