Spotify and Google Partner To Offer Third-Party Billing -Breaking
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Sam Boughedda
Investing.com — Spotify Technology SA (NYSE : announced Thursday that they have partnered with Google (Alphabet) (NASDAQ:) to allow users to pay with Spotify’s payment system or Google Play Billing.
Spotify users will have the choice of two payment options. They can subscribe to the Spotify app and then make purchases with the one they prefer.
Spotify’s decision to permit third-party billing within apps was significant. Spotify shares rose 5% on Thursday before plummeting.
Over the next few months, Spotify will work with Google’s product and engineering teams to build the third-party billing system, which they expect to be rolled out globally. The first version of User Choice Billing will be launched later this year.
“Spotify is on a years-long journey to ensure app developers have the freedom to innovate and compete on a level playing field,” said Alex Norström, Spotify’s Chief Freemium Business Officer.
“We’re excited to be partnering with Google to explore this approach to payment choice and opportunities for developers, users, and the entire internet ecosystem,” he added.
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