• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Brazil antitrust body rules Apple must lift restrictions on in-app payments

by November 26, 2024
written by November 26, 2024

SAO PAULO (Reuters) – Brazilian antitrust regulator Cade said on Monday that Apple (NASDAQ:AAPL) must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre (NASDAQ:MELI).

Apple in Brazil declined to comment. MercadoLibre did not immediately respond to a request for comment outside normal business hours.

MercadoLibre’s complaint, filed in 2022 in Brazil and Mexico, accused Apple of imposing a series of restrictions on the distribution of digital goods and in-app purchases, including banning apps from distributing third-party digital goods and services such as movies, music, video games, books and written content.

In the complaint, MercadoLibre criticized the California tech giant for requiring developers that offer digital goods or services within apps to use Apple’s own payment system and stopping them from redirecting buyers to their websites.

Cade ruled that Apple must allow app developers to add tools so customers can buy their services or products outside the app, such as through the use of hyperlinks to external websites.

Another preventive measure is that Apple must allow app developers to offer other in-app payment processing options apart from the one owned by Apple, the regulator added.

Apple will have 20 days to comply with the measures, Cade said, imposing a 250,000 real (about $43,000) fine per day if Apple fails to comply with the demands.

($1 = 5.7983 reais)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US stock futures fall as Trump tariff threat spooks investors
next post
Dollar rallies, stocks retreat after Trump vows tariffs

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • 25 US stocks for 2025: UBS’s highest conviction calls
    • CVS to replace CEO Karen Lynch with long-time exec David Joyner

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy