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Switzerland says Apple promises to fix faults rival for the payment app

An electronic screen displays the Apple Inc. logo on the exterior of the Nasdaq Market Site after the close of the day trading session in New York City, New York, united states, 2 August 2018. REUTERS/Mike Segar

ZURICH (Reuters) – Switzerland’s competition commission (WEKO) on Tuesday said Apple Inc has agreed a technical solution to prevent the automatic launching of the Apple Pay disrupt the Swiss rival payment app TWINT.

“Apple has committed to TWINT with the technical capabilities to suppress the automatic launch of Apple Pay during the checkout process with the TWINT app,” WEKO said, adding it was the end of a preliminary probe against Apple after the pact.

In a separate case, WEKO investigation of the Swiss financial firms, including Credit Suisse and UBS about an alleged boycott of mobile payment solutions like Apple Pay and Samsung Pay.

Reporting by John Miller; Editing by Maria Sheahan

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