Apple and Google have a duopoly (an inefficient market) on mobile platforms, which is how they were able to enforce anti-competitive restrictions to sustain the

Apple and Google have a duopoly (an inefficient market) on mobile platforms, which is how they were able to enforce anti-competitive restrictions to sustain their 30% fee for so long. This new law opens up the mobile payment processing market to more competitors, which will drive prices downward to benefit users, developers, and competitors at the expense of Apple and Google.