Match Group, the parent company of dating platforms Hinge and Tinder, is developing its own in-app payment process. The move follows the ruling by Judge Rogers on the Epic Games Vs. Apple lawsuit, which states that Apple can no longer prohibit app makers from suggesting alternative payment methods to their users.
- In August, South Korea passed a bill forcing Apple and Google to allow alternative payment systems in their app stores.
- Google and Apple force developers to use their payment systems for in-app purchases, enabling them to take a 30% cut of revenues.
- Commission fees to Apple and Google are Match's largest expense, with the company expecting to pay ~$500M to the app store operators this year.
- Google's Android operates over 80% of smartphones worldwide.