Tim Cook reportedly met with U.K. Chancellor of the Exchequer George Osborne this week to discuss Apple Pay and regulations in the country as the Apple CEO continues a tour to meet government officials, app developers, and students abroad.
Bloomberg reports that Osborne offered details of the discussion at a recent talk noting that the two “spoke extensively about Apple Pay” and that the UK Chancellor is “committed to ensuring that regulators don’t stifle innovation”:
“I was thinking how extraordinary it was that you had a finance minister and the head of a tech company talking about the future of banking,” Osborne told a conference organized by the Bank of England on Wednesday. “I want the U.K. to be the global center of fintech. We will go out of our way to make that happen.”
Tim Cook appears to be on a bit of a world tour alongside the iPad Pro launch this week, making stops in various locations in the UK, Ireland, and Italy, among other places. The Apple CEO posted images on his official Twitter account from trips to visit app developers and students in Italy this week, as well as photos from a trip to Trinity College in Dublin, Ireland.
Earlier today we reported that the Irish government and Apple had announced that an additional 1,000 jobs would be added at Apple’s EU headquarters in Cork, Ireland by mid-2017.
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Apple is doing something about it.
Personally, I think any deal with the UK chancellor with regard to regulations on apple pay should include apple paying a bit more tax in the UK.
Something like: apple agrees pay UK tax on XYZ earnings generated in the UK and the UK government agrees they won’t mandate a separate signature and/or PIN for every apple pay transaction.
Given how unreliable Apple Pay is, hopefully the extensive talks were how to fix it. I’ve not seen anybody using it on the tube during rush hour, and it breaks regularly on my 6s