Apple could face a fine up to 10 per cent of its global turnover or $36.6 billion based on its revenue last year, though EU penalties rarely reach the cap
Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their business customers in the US first, Apple said
It's unclear whether the payment acceptance option will be branded as part of Apple Pay
The Bill bans major app store operators from forcing software developers to use their payment systems
The Telecommunications Business Act would mandate giving users a free choice of app payment providers
iPhone accounts for just 3% of sales in India's 100 million-plus annual smartphone market