Tag Archive : Commission

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An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.

In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.

“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.

It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as

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Google Play Store on smartphone stock photo 1

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  • Google is delaying its plans to charge a 30% mandatory Play Store commission in India.
  • The company’s decision seems like a reaction to the retaliation from Indian startups.
  • Indian payments startup Paytm has already launched a rival app store with some popular apps.

Google is deferring its controversial new Play Store billing policy in India to March 31, 2022. The new rules stop apps from circumventing Google’s payment system and are scheduled to come into effect globally from September 21. They will ensure Google gets its 30% commission on all paid apps and in-app purchases.

In its latest blog post, Google says that it’s setting up listening sessions and policy workshops with leading Indian startups. The internet giant is also extending the time for developers in India to integrate the Google Play billing system so they can implement a UPI payment option. UPI is a unified payment system in

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