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Spain Slams 194m Euro Fine on Apple & Amazon for Device Sale Collusion

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Spain’s antitrust watchdog CNMC on Tuesday said it had imposed fines worth 194 million euros ($218.2 million) in total on Amazon and Apple for colluding to limit the free sale of devices from Apple and competitors on Amazon’s Spanish websites.

Spain’s competition watchdog said Tuesday it has slapped US tech giants Amazon and Apple with fines totalling 194 million euros ($218 million) for collusion in the sale of products.

The two firms had agreed to limit the sale of Apple products on Amazon’s Spanish websites by third-party resellers “which restricted competition,” the regulator said in a statement.

Contractual provisions of a 2018 agreement between the companies meant only selected resellers picked by Apple were allowed to sell Apple products on Amazon.es, it added.

“Over 90 percent of resellers who used Amazon’s website in Spain to sell Apple products were excluded from Spain’s main online market,” the statement said.

The move “drastically” reduced competition between resellers of Apple products on Amazon’s Spanish platform, it added.

The authority imposed a fine of 50.5 million euros on Amazon and 143.6 million euros on Apple.

Tech giants like Apple and Amazon have been fined several times in recent years in Europe for violating competition laws.

Italy hit Amazon with a fine of 1.1 billion euros in December 2021 for abusing its dominant market position while France slapped Apple with a fine of 371.6 million in October 2022.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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OnePipe Launches PaywithAccount: Revolutionizing Payment Collections in Nigeria

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For many Nigerian small business owners, cash flow isn’t just a challenge—it’s a constant battle. Whether it’s schools struggling with delayed tuition payments, logistics firms dealing with inconsistent driver remittances, or cooperatives managing member contributions, the process of collecting payments remains inefficient, unpredictable, and time-consuming.

A study by PwC revealed that 48% of Nigerian Micro, Small, and Medium Enterprises (MSMEs) have experienced delayed payments due to different reasons, with 33% of affected businesses reporting severe consequences.

Traditional systems often involve manual invoicing, repeated follow-ups, and high transaction fees, leaving business owners with less time to focus on growing their operations.

In response to this challenge, OnePipe has launched PaywithAccount, a direct-from-account payment solution that helps businesses automate and simplify collections, reducing delays and improving cash flow predictability. With PaywithAccount, businesses can collect payments directly from customer bank accounts—securely and automatically—without the need for cards, manual reminders, or complex reconciliations.

For entrepreneurs across Nigeria, the ability to receive payments on time means the difference between survival and growth. “As a school owner, I want to focus on my students, not spend hours tracking unpaid fees,” said Mrs. Olumide Ashade, Founder of King’s Court School in Lagos.

“Many of our parents pay in installments, but managing these payments manually has been stressful.

“A solution like PaywithAccount means we can offer flexibility to parents while keeping our finances in order.”

“Reliable repayment is the backbone of growth for lenders. At Lendsqr, we understand that payment delays are a significant problem for lenders”, said Adedeji Olowe, Founder, Lendsqr.

“We have helped many of our lenders transition from debit cards to PaywithAccount which reliably ensures loan repayments are on schedule.”

“At NIBSS, our core vision is to empower the financial ecosystem to innovate within the framework of interoperability, ease of connectivity, collaboration, and cost-optimization,” said Ngover Ihyembe-Nwankwo, Executive Director of Nigeria Inter-Bank Settlement Systems PLC (NIBSS).

“PaywithAccount is another heartening example of what happens when industry players leverage these guardrails to enhance the overall quality of our nation’s digital payment system.”

For Ope Adeoye, CEO of OnePipe, this is a commitment to empowering Nigerian businesses. “Small businesses are the backbone of our economy, but too many struggle simply because getting paid is a challenge,” said Adeoye.

“We believe financial technology should remove obstacles, not create them.

“PaywithAccount helps businesses worry less about collections so they can focus on what truly matters—growth, innovation, and serving their customers.”

With PaywithAccount, small businesses across Nigeria can now eliminate the stress of late payments, automate their collections, and take full control of their financial future.

For more information about PaywithAccount, visit www.onepipe.io or call 02013438444.


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Apple Introduces Affordable iPhone 16e Model

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Apple  has announced the iPhone 16e, a new iPhone model, which is priced lower than its main models that usually debut in September.

Apple Introduces Affordable iPhone 16e Model

The iPhone 16e, retailing at $599, is set to go on sale later this month.

It features a modern design without a home button or fingerprint sensor, using Apple’s FaceID scanner and a sensor notch at the top of the screen.

Powered by the same A18 chip as the main iPhone 16 models, the iPhone 16e can run all the same apps and games. It will be available in black and white.

The iPhone 16e also introduces Apple’s first cellular modem, the C1, replacing the Qualcomm modems used in previous models.

With a single camera lens, as opposed to the multiple lenses on more advanced models, the iPhone 16e aims to attract new customers to Apple’s ecosystem, supporting features like image generation and notification summaries via Apple Intelligence.

Apple is releasing this low-cost iPhone to boost sales amidst mixed results in recent quarters, as overall iPhone sales fell 1% annually in the December quarter, though the company still sold over $69 billion worth of phones during this period.

This model continues Apple’s tradition of offering affordable iPhones, following the iPhone SE. Unlike previous major product launches, the iPhone 16e was introduced through a press release, reflecting Apple’s new approach to product announcements.

 


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Airtel Nigeria Faces 40 Percent Revenue Dip amid Naira Devaluation

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Airtel Nigeria’s revenue fell by 40.34% in 2024, reaching $738 million, down from $1.24 billion the previous year.

Airtel Nigeria Faces 40 Percent Revenue Dip amid Naira Devaluation

This sharp drop is mainly due to the steep devaluation of the Nigerian naira.

Although the company saw a 3.2% increase in its customer base, which grew to 52.1 million subscribers, the rise in data usage per customer was more significant.

Average data consumption grew by 37.2%, reaching 8.4 GB per month.

Airtel’s EBITDA dropped by 46.4%, standing at $360 million.

Despite the challenges posed by inflation and rising operational costs, the company adjusted its pricing for voice and data services, in line with the Nigerian Communications Commission’s (NCC) tariff changes.

The company said it remains focused on adapting to the tough economic situation while maintaining its service quality for a growing customer base.

 

 


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