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Apple Faces Class Action Lawsuit Accusing Firm of Antitrust Violations Over Apple Pay

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By Reuters | Updated: 19 July 2022

Apple was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet. According to a complaint filed in San Francisco federal court, Apple “coerces” consumers who use its smartphones, smart watches and tablets into using its own wallet for contactless payments, unlike makers of Android-based devices that let consumers choose wallets such as Google Pay and Samsung Pay.

The plaintiff, Iowa’s Affinity Credit Union, said Apple’s anticompetitive conduct forces the more than 4,000 banks and credit unions that use Apple Pay to pay at least $1 billion (roughly Rs. 8,000 crore) of excess fees annually for the privilege.

It also said Apple’s conduct minimises the incentive for the Cupertino, California-based company to make Apple Pay work better and make it more resistant to security breaches.

“Apple’s conduct harms not only issuers, but also consumers and competition as a whole,” the complaint said.

The lawsuit seeks unspecified triple damages, and a halt to Apple’s alleged anticompetitive conduct.

Apple did not immediately respond to requests for comment.

The company already faces a possible heavy fine after European Union regulators on May 2 said it had abused its dominance in iOS devices and mobile wallets by refusing to give payment rivals access to its technology.

According to the complaint, Apple charges issuers a 0.15 percent fee on credit transactions and a flat 0.5 cent fee on debit transactions using Apple Pay, while Android-based rivals charge nothing.

The plaintiff is represented by the law firms Hagens Berman Sobol Shapiro and Sperling & Slater.

Last August, they helped obtain a $100 million (roughly Rs. 800 crore) settlement for smaller iOS developers that claimed Apple overcharged them on commissions.

The case is Affinity Credit Union v Apple, U.S. District Court, Northern District of California, No. 22-04174.

© Thomson Reuters 2022

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WhatsApp Launches New Global Security Centre Page With 10 Indian Languages

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The new feature will inform users about the layers of privacy that WhatsApp provides.
By ANI | Updated: 1 June 2023

Instant messaging application WhatsApp has launched a new global ‘Security Center’ page which will act as a one-stop window for users to learn more about how to protect themselves against spammers and any unwanted contacts.

WhatsApp on Thursday said it has created this page to build awareness about the various safety measures and in-built product features that empower users to take control of their safety.

The ‘Security Center’ will be available in English and 10 Indian languages — Hindi, Punjabi, Tamil, Telugu, Malayalam, Kannada, Bengali, Marathi, Urdu, and Gujarati.

“Protecting personal messages with end-to-end encryption is one of the best lines of defence against scammers and fraudsters and in addition to that WhatsApp is consistently working on new and innovative ways to enhance people’s safety and privacy,” it said.

The new feature will inform users about the layers of privacy that WhatsApp provides and lists some top tips to give users more control over their accounts, including two-step verification, scams, and identifying fake accounts, among others.

Last month, WhatsApp launched an integrated safety campaign ‘Stay Safe with WhatsApp’ in India highlighting product features that empower users to take control of their online safety and ensure a safer messaging experience.

The campaign focused on educating users about WhatsApp’s safety features and tools like two-step Verification, block and report and privacy controls that equip people with the necessary safeguards to help protect them from online scams, frauds and account-compromising threats.

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Google Removes ‘Slavery Simulator’ Game From Play Store After Racism Outcry in Brazil

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Brazil's prosecutor's office has opened a "hate speech" probe into the game downloaded by hundreds of people.

By Agence France-Presse | Updated: 27 May 2023

Google has withdrawn a gaming app that allowed players to buy, sell and torture Black virtual “slaves” after a racism outcry in Brazil.

Dubbed “Slavery Simulator,” the Portuguese-language game saw players trade in slaves and strategise to prevent the abolition of slavery in order to amass virtual riches.

The prosecutor’s office said it had opened an investigation for “hate speech” related to the game downloaded by hundreds of people.

The app itself had come with a disclaimer condemning “all types of slavery” and insisting the game was “solely for entertainment purposes.”

After withdrawing the app from its Play Store, Google said in a statement that “applications that promote violence or hated against groups of people or individuals because of their skin colour or ethnic origin” would not be allowed on its platform.

The company invited users to report offensive content.

Brazil’s ministry of racial equality said it had asked Google to put in place measures “to filter out content containing hate speech, intolerance and racism” and “to prevent it from spreading so easily, without moderation.”

Racism is still a problem in Brazil, the last country in the Americas to abolish slavery, in 1888. More than 56 percent of the population is Afro-Brazilian.

“Brazil is one of the countries with the most consumers on Google’s platforms, and there one finds this app that recalls the era of slavery, with bonuses for those who torture the most,” said Renata Souza, a leftist regional lawmaker in Rio de Janeiro.

“This is not only racism, but also fascism,” she told AFP. “Here in Brazil, we have a neo-fascist movement that is not afraid to show itself… because of the lack of regulation on social networks.”

Google has spoken out against a bill seeking to stem online disinformation in Brazil, saying it “seriously threatens free speech.”

Supporters call the bill a badly-needed defense against disinformation and online extremism, but detractors say it amounts to censorship.

A Supreme Court judge ordered an investigation of Google and Telegram over what he called their “abusive campaign” against the bill.

Racism has been on the minds of Brazilians since “monkey” insults were hurled Sunday against their own Vinicius Junior, playing for Real Madrid in Spain.

The lights on the Christ the Redeemer statue in Rio de Janeiro were turned off for an hour in solidarity with the player.

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Netflix Expands Crackdown on Password Sharing; Alerts Users in Over 100 Countries

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Netflix on Tuesday said it was sending emails about account sharing to customers in 103 countries and territories.
By Reuters | Updated: 24 May 2023

Netflix on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households.

The streaming video pioneer has been looking for new ways to make money as it faces signs of market saturation, with efforts including limits on password borrowing and a new ad-supported option.

Netflix on Tuesday said it was sending emails about account sharing to customers in 103 countries and territories, including the United States, Britain, France, Germany, Australia, Singapore, Mexico and Brazil.

The emails state that a Netflix account should only be used in one household. Paying customers can add a member outside of their homes for an additional fee. In the United States, the fee is $8 (roughly Rs. 700) per month.

Members can also transfer a person’s profile so the user can keep their viewing history and recommendations.

Netflix last year said it was going to limit account sharing and was testing various approaches in some markets.

The company had estimated that more than 100 million households had supplied their log-in credentials to friends and family outside their homes. As of the end of March, Netflix’s paying customers totalled 232.5 million globally.

Under the new policies, people within the same household can continue sharing a Netflix account and can use it on various devices when travelling, the company said.

© Thomson Reuters 2023

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Google Pay Rolls Out UPI Payments Support for RuPay Card Holders of These Banks: Details

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RuPay credit cards can be used with Google Pay to seamlessly pay at all online and offline merchants where RuPay credit cards are accepted.
By ANI | Updated: 23 May 2023

Tapping into the growing popularity of Unified Payments Interface (UPI), Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday announced the capability for users to make UPI payments with RuPay credit cards.

With this development, users can link their RuPay credit cards with Google Pay to seamlessly pay at all online and offline merchants where RuPay credit cards are accepted.

This feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India. More banks will follow suit shortly.

To activate, users need to add the RuPay credit card to Google Pay. Users can tap on the “RuPay credit card on UPI” option in their profile and select the bank which issued their RuPay credit card.

Thereafter, users will need to set a unique UPI PIN by entering the last six digits of the card number and expiry, and then entering the OTP from their bank. The statement from Google said users are ready to pay merchants on UPI with their RuPay credit card. “They will enter the set UPI PIN, the same way they do for other UPI transactions,” it added.

Sharath Bulusu, Director of Product Management from Google, said, “Google Pay is a partner to India’s financial ecosystem — enabling millions of users to safely and conveniently make digital payments every day… This feature will give Google Pay users more flexibility and choice in making payments, and will drive greater adoption of digital payments in the country.”

Nalin Bansal, Chief Relationship Management and Key Initiatives, Corporate Business from NPCI, said, “The integration of RuPay Credit Card on UPI delivers a remarkable user experience seamlessly combining the convenience of UPI with the benefits of RuPay Credit Card.”

Bansal said, “We believe this service will mature to provide access to digital credit on demand and consumers will be able to make payments by taking benefit of the inherent security and availability of UPI network across both offline and online platforms.”

In recent years, India has witnessed a huge rise in the number of transactions made through UPI. NPCI reported a massive jump in monthly transaction count as the UPI transactions touched 8.7 billion in March 2023. To further bolster growth of digital payments in the country, the Reserve Bank of India (RBI) allowed linking of RuPay credit cards to the UPI platform in June 2022.

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Meta Faces Record EUR 1.2 Billion Fine in EU Over User Data Transfer to US

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Meta Ireland's transfer of personal data from the EU to the United States is being investigated by DPC since 2020.
By Agence France-Presse | Updated: 22 May 2023

Facebook owner Meta has been fined a record EUR 1.2 billion (nearly Rs. 10,750 crore) for transferring EU user data to the United States in breach of a previous court ruling, Ireland’s regulator announced Monday.

The Irish Data Protection Commission (DPC), which acts on behalf of the European Union, said the European Data Protection Board (EDPB) had ordered it to collect “an administrative fine in the amount of EUR 1.2 billion”.

The DPC has been investigating Meta Ireland’s transfer of personal data from the EU to the United States since 2020.

It found that Meta, which has its European headquarters in Dublin, failed to “address the risks to the fundamental rights and freedoms of data subjects” that were identified in a previous ruling by the Court of Justice of the European Union (CJEU).

The CJEU interprets EU law to make sure it is applied in the same way in all member states.

In response, Meta said it was “disappointed to have been singled out” and the ruling was “flawed, unjustified and sets a dangerous precedent for the countless other companies”.

“We intend to appeal both the decision’s substance and its orders including the fine, and will seek a stay through the courts to pause the implementation deadlines,” Meta president of global affairs Nick Clegg and chief legal officer Jennifer Newstead said in a blog post.

“There is no immediate disruption to Facebook in Europe,” they added.

Fourth Fine

Initially, the DPC had wanted to force Meta to suspend the offending data transfers, saying that a fine “would exceed the extent of powers that could be described as being ‘appropriate, proportionate and necessary'”.

But its peer regulators in the EU, known as Concerned Supervisory Authorities (CSAs), disagreed.

“All four CSAs took the view that Meta Ireland should be subject to an administrative fine,” said the DPC.

With no hope of consensus, the DPC referred the objections to the EDPB, which ruled that Meta Ireland suspend future transfer of personal data to the United States and pay a fine.

In a blog, Clegg and Newstead said the EDPB decision to overrule the DPC “raises serious questions”.

“No country has done more than the US to align with European rules via their latest reforms, while transfers continue largely unchallenged to countries such as China,” they added.

EU regulators have already hit Meta with fines of hundreds of millions of euros over data breaches by its Instagram, WhatsApp and Facebook services.

It is the third fine imposed on Meta so far this year in the EU, and the fourth in six months.

In 2021, Amazon was fined EUR 746 million (nearly Rs. 6,685 crore) in Luxembourg for infringing the EU’s General Data Protection Regulation.

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PhonePe Raises Additional $100 Million Investment From General Atlantic During Ongoing Funding Round

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With this fundraising, General Atlantic and its co-investors have contributed $550 million in the ongoing $1 billion funding round of PhonePe.
By Press Trust of India | Updated: 22 May 2023

Decacorn fintech firm PhonePe on Monday said it has secured an additional $100 million (about Rs. 828 crore) investment from General Atlantic.

With this fundraising, General Atlantic and its co-investors have contributed $550 million (roughly Rs. 4,555 crore) in the ongoing $1 billion (roughly Rs. 8,282 crore) funding round of PhonePe at a pre-money valuation of $12 billion (roughly Rs. 99,387 crore).

“PhonePe is pleased to announce that it has secured an additional $100 million investment from General Atlantic, a leading global growth equity firm, as part of its ongoing fundraise.

“This latest tranche brings the total investment from General Atlantic and its co-investors to $550 million. The investment reaffirms General Atlantic’s conviction in PhonePe’s business and growth potential,” PhonePe said in a statement.

With this latest primary infusion from General Atlantic, PhonePe has now raised a total of $850 million (roughly Rs. 7,000 crore) of primary capital in the current round.

Ribbit Capital, Tiger Global and TVS Capital Funds have also invested during the current funding round of the company.

The Walmart group firm has over 450 million registered users.

In February, PhonePe raised another $100 million in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger Global, at a pre-money valuation of $12 billion (roughly Rs. 99,400 crore). This followed a $350 million (roughly Rs. 3,000 crore) primary fundraise by the company on January 19 from General Atlantic.

PhonePe plans to deploy these funds to scale up its payments and insurance businesses in India, as well as to launch and aggressively scale new businesses like lending, stockbroking, ONDC-based shopping and account aggregators over the next few years.

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