Why Apple's Next Antitrust Battle Is Likely to Be Over Payments

$Apple(AAPL.US)$ gave in to pressure from regulators and App Store developers and made some concessions, but the next battleground will be on payments, according to Bloomberg columnist Mark Gurman
Financial Services Key For Services Hitting Target: Apple's policy of mandating that iPhone owners use Apple Pay if they want to buy via phone tap is frustrating to rival financial apps, Gurman noted.
This policy means $PayPal(PYPL.US)$ and $Block(SQ.US)$ as well as financial institutions like $JPMorgan(JPM.US)$ Chase, $Citigroup(C.US)$ and $American Express(AXP.US)$ cannot launch tap-to-pay iPhone apps with their own features and interface, the Apple writer said. Additionally, they must pay up to a 0.15% fee for every Apple Pay credit card transaction, if they want to use the iPhone user base, he added.
Apple Could Finally Yield: Gurman said the bigger concern is future revenue, given expectations for contactless transactions as a percentage of total transactions will increase significantly. The analyst estimates that in the future, it would cost Apple many billions of dollars if it gives the tap-to-pay option to third-party apps.