Nextmegabyte

Nextmegabyte

Consulting, Outsourcing, Asset management

T (91)22-66930155/ 9769022209
Email: contactus@nextmegabyte.com

Nextmegabyte
151, Information technology park, Master Mind 1, Royal Palms, Goregaon East, Mumbai 400063

Open in Google Maps
QUESTIONS? CALL: +91-22-66930155
  • NEXTMEGABYTE
  • SERVICES
    • ASSET AUDITING
    • OUTSOURCING
    • DELL PRODUCTS
    • WEBSITE DEVELOPMENT
    • RECRUITMENT
  • PRODUCTS
    • ASSET MANAGEMENT SOFTWARE
    • ANYDESK
    • BALABIT
  • PROJECTS
    • MOBILE APP
      • MILK CALENDAR DAILY EXPENSE TRACKER
      • Next Security Mobile App
      • NEXT SOLAR SECURITY SYSTEM
      • MILK CALENDAR
    • Spring BO Social networking platform
    • Asa Kazingmei E commerce Site
  • ABOUT US
  • CONTACT US
  • NFC TECHNOLOGY
    • NEXT SOLAR SECURITY SYSTEM
  • NEWS
  • NEXTMEGABYTE
  • SERVICES
    • ASSET AUDITING
    • OUTSOURCING
    • DELL PRODUCTS
    • WEBSITE DEVELOPMENT
    • RECRUITMENT
  • PRODUCTS
    • ASSET MANAGEMENT SOFTWARE
    • ANYDESK
    • BALABIT
  • PROJECTS
    • MOBILE APP
      • MILK CALENDAR DAILY EXPENSE TRACKER
      • Next Security Mobile App
      • NEXT SOLAR SECURITY SYSTEM
      • MILK CALENDAR
    • Spring BO Social networking platform
    • Asa Kazingmei E commerce Site
  • ABOUT US
  • CONTACT US
  • NFC TECHNOLOGY
    • NEXT SOLAR SECURITY SYSTEM
  • NEWS
CALLUS
  • Home
  • NFC
  • Complaint-against-Apple
May 29, 2025

Complaint-against-Apple

Complaint-against-Apple

by nextmegabyteadmin / Saturday, 17 September 2016 / Published in NFC
Nextmegabyte-news

According to business insider and Payment Briefing a group of South Korean finance firms including Hankook NFC, Kona I, and Cashbee held discussions to start a complaint against Apple with the Fair Trade Commission and Korea Communications Commission, according to Business Korea.

Tim Cook

 

As a result of Apple’s closed API policy for NFC capabilities. The firms’ main complaint is that Apple limits access to the hardware necessary for firms to build NFC-enabled applications, like proprietary mobile wallets. Because Apple holds a virtual monopoly over its NFC chip, these firms are frustrated that they can’t build proprietary iPhone apps for contactless functions that customers want, like transit payment, particularly since NFC-based apps are popular among South Korean Android users.

The Korean firms’ plan to file points to a trend that’s gaining momentum:

  • Korean firms aren’t alone in their fight against Apple. This complaint comes on the heels of one filed by several of Australia’s biggest banks at the Australian Competition and Consumer Commissions (ACCC), who are looking to collectively bargain for similar access to Apple’s NFC hardware in order to build their own mobile wallet applications. The Korean firms are not only using the Australian banks fight as precedent, but hope to achieve success against Apple in tandem with those banks, Korea NFC CEO Hwang Seung-ik told Business Korea.
  • These fights could be lengthy. The Korean fintech firms plan to push forward with their complaint by holding another meeting at the end of September. Meanwhile, it’s likely the ACCC will release their decision about Australian banks in October, which could ultimately impact the future of the Korean firms’ complaint. And in the next few months, it’s likely we’ll see more firms from various countries across the world file complaints against Apple, which could put pressure on the firm to change the way it approaches access to its NFC hardware.

Mobile payments are becoming more popular, but they still face some high barriers, such as consumers’ continued loyalty to traditional payment methods and fragmented acceptance among merchants. But as loyalty programs are integrated and more consumers rely on their mobile wallets for other features like in-app payments, adoption and usage will surge over the next few years.

Evan Bakker, research analyst for BI Intelligence, Business Insider’s premium research service, has compiled a detailed report on mobile payments that forecasts the growth of in-store mobile payments in the U.S., analyzes the performance of major mobile wallets like Apple Pay, Android Pay, and Samsung Pay, and addresses the barriers holding mobile payments back as well as the benefits that will propel adoption.

Here are some key takeaways from the report:

  • In our latest US in-store mobile payments forecast, we find that volume will reach $75 billion this year. We expect volume to pick up significantly by 2020, reaching $503 billion. This reflects a compound annual growth rate (CAGR) of 80% between 2015 and 2020.
  • Consumer interest is the primary barrier to mobile payments adoption. Surveys indicate that the issue is less the mobile wallet itself and more that people remain loyal to traditional payment methods and show little enthusiasm for picking up new habits.
  • Integrated loyalty programs and other add-on features will be key to mobile wallets taking off. Consumers are showing interest in wallets with integrated loyalty programs. Other potential add-ons, like in-app, in-browser, and P2P payments, will also start fueling adoption. This strategy has been proved successful in China with platforms like WeChat and Alipay.

In full, the report:

  • Forecasts the growth of US in-store mobile payments volume and users through 2020.
  • Measures mobile wallet user engagement by forecasting mobile payments’ share of their annual retail spending.
  • Reviews the performance of major mobile wallets like Apple Pay and Samsung Pay.
  • Addresses the key barriers that are preventing mobile in-store payments from taking off.
  • Identifies the growth drivers that will ultimately carve a path for mainstream adoption.

Look like that there will be soon NFC enabled in Iphone

 

  • Tweet
Tagged under: complain-against-apple, nextmegabyte, Nextmegabyte-solutions, NFC, nfc-solutions, nfc-solutions-by-nextmegabyte, NFC-will soon in Iphone

About nextmegabyteadmin

We are the Business ROBOS

What you can read next

Why you should have NFC Phones?
NXP on sale
Qualcomm is currently working on the acquisition of NXP Semiconductors.

Recent Posts

  • Basic of GDRP

    The Basics of GDPR Providing a full description...
  • Without managing ones Assets, the companies are blind and deaf

        RISK COMES FROM NOT KNOWING WHAT ...
  • Convert Cisco Aircap 1702I into Autonomous mode

    Convert Cisco Aircap 1702I into Autonomous mode...
  • NXP on sale

    Qualcomm is currently working on the acquisition of NXP Semiconductors.

    According to a report by Wall Street Journal co...
  • Why you should have NFC Phones?

    Why you should have NFC Phones? Whichever devic...

Recent Comments

    Archives

    • May 2018
    • July 2017
    • December 2016
    • October 2016
    • September 2016

    Categories

    • Business News
    • NFC
    • Technology
    • Troubleshoot

    Nextmegabyte

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    GET IN TOUCH

    T (91) 022-62369894, 022-66930155
    Email: contactus@nextmegabyte.com

    Greenitco Technologies Pvt Ltd
    GST: 27AAGCG5196E1ZF
    151, MasterMind 1, Information Technology Park
    Royal Palms, Goregaon East
    Mumbai -400063

    Open in Google Maps

    Social Connect

    • Tweet
    • NEXTMEGABYTE
    • SERVICES
      • ASSET AUDITING
      • OUTSOURCING
      • DELL PRODUCTS
      • WEBSITE DEVELOPMENT
      • RECRUITMENT
    • PRODUCTS
      • ASSET MANAGEMENT SOFTWARE
      • ANYDESK
      • BALABIT
    • PROJECTS
      • MOBILE APP
      • Spring BO Social networking platform
      • Asa Kazingmei E commerce Site
    • ABOUT US
    • CONTACT US
    • NFC TECHNOLOGY
      • NEXT SOLAR SECURITY SYSTEM
    • NEWS
    • GET SOCIAL
    Nextmegabyte

    GREENITCO TECHNOLOGIES PRIVATE LIMITED© 2023 All rights reserved.
    Terms for use

    TOP