Is Apple’s Monopolistic Control Over the App Store About to End?
Too Long; Didn't ReadMobile in-app spending is a giant $130B+ market. The payments are flowing through Apple and Google app store billing platforms. Apple and Google's control over in-app payments for virtual services remains intact despite significant external pressure by regulators and private companies to lower platform fees and allow third-party payment processors. Given the size of the opportunity, the trend of providing payment options bypassing the in-app monopoly of Apple and Google is on the rise, along with payment infrastructure companies facilitating this trend.