Hello there. Welcome back to Emlex's weekly podcast covering the top regulatory stories of the week. My name is James Panicki. I'm a senior editor with Emlex's Asia Pacific team, and it's great to be with you again.

Now, here's a question for you. How do you pay for all of the stuff that you need?

With money, obviously, sure, but what's the means of payment?

When you go to a supermarket, chances are that you'll have one of two credit cards, a Visa or a MasterCard.

And when you go to make an in-app purchase on your phone or your smart device,

you're likely to be using a payment system very generously provided by Apple or Google.

Well, today we're going to be looking into payment services from two very different parts of the world.

In just under 10 minutes, we'll be joined by Jenny Lee from our Seoul Bureau

to talk about South Korea's brave attempt to crack open Apple and Google's app stores

to make way for rival payment services.

And things aren't going to plan as local app developers shy away

from the prospect of poking two very large bears. But first to the UK for the gargantuan battle

between Amazon and Visa over just how much the online marketplace should be charged every

time a customer makes a purchase with

a Visa credit card. Not many retailers would be able to take on the might of Visa. In fact,

Amazon might be the only one with enough clout to do it, and chances are that it will get its way.

Fiona Maxwell is a senior financial services correspondent for

MLEX. She's based in our London offices and has written a fine piece of analysis on the Amazon Visa

dust-up. So Fiona, Amazon has said it won't accept UK-issued visa credit cards from January. So maybe let's start by

explaining why that is. Yes, James, that's correct. So what Amazon has said is that the cost

of accepting car payments is too high due to the various fees that are involved in what frankly

is quite a complex payments process,

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