Google halves Play Store fees for subscription apps

FILE PHOTO The Google logo is seen on on the companys European headquarters in Dublin Ireland February 27 2021. REUTERSClodagh Kilcoyne

FILE PHOTO: The Google logo is seen on on the company's European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne

(Reuters) - Alphabet Inc-owned Google said on Thursday it is lowering the fee that subscription-based apps need to pay Play Store to 15% right from day one, following criticism about its fee structure from companies such as Spotify.

Currently, developers pay a 30% subscription fee in the first year, and 15% thereafter.

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