![Bank](https://cdn.newsserve.net/en/knowledge/Bank_20190125.jpg)
Apple opening up access to payments on iPhones solves EU competition concerns
Banks and other potential rivals previously argued it’s unfair they’re forced to use software controlled by the tech giant.
euronews (in English)
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Banks and other potential rivals previously argued it’s unfair they’re forced to use software controlled by the tech giant.
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