Apple’s App Store Under Fire: Global Rulings Open the Door for Fintech Innovation and Raise New Cybersecurity Challenges
In a historic shift for the digital economy, Apple is being forced by courts and regulators in both the United States and Europe to allow app developers to use any payment method for their apps and in-app purchases-without Apple’s customary commission or fees. While these rulings are set to unleash a wave of fintech innovation and competition, they also introduce new cybersecurity risks that could impact millions of users worldwide. This article explores the legal battles, the global regulatory landscape, the opportunities for fintech, and the security challenges that lie ahead.