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Breakingviews: Apple Pay Push Is Scarier For Fintechs Than Banks

Apr. 01, 2022 1:22 PM ETAAPL, AFRM, SQ, GS, CCRD, GDOT, JPM, BAC, KLAR, BCS1 Comment
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  • Apple (AAPL) is taking a bite out of the financial-technology sector.
  • The $2.9 trillion iPhone maker led by Tim Cook is beefing up its in-house financial-services infrastructure and expanding further in consumer credit, Bloomberg reported on Wednesday.
  • Apple’s financial resources are huge: it had $203 billion of cash and marketable securities at the end of 2021.

220,000 Stores Start Accepting Apple Pay

Justin Sullivan/Getty Images News

By Breakingviews

Apple (AAPL) is taking a bite out of the financial-technology sector. Digital upstarts like Affirm (AFRM) and Jack Dorsey's Block (SQ) should be on high alert. Lenders like Goldman Sachs (

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Comments (1)

I thought healthcare was the greatest contribution of Apple (?)

Well ok we have to make more money 😇

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