Apple Pay Likely To Launch In India By October: Report
by Shrishti Bisht · Inc42SUMMARY
- Apple Pay is likely to launch in India by late September or October, initially focusing on Visa and Mastercard credit cards rather than UPI
- The launch comes nearly a decade after Apple first signalled plans to bring Apple Pay to India, as the company seeks a foothold in the country’s growing premium credit-card market
- Apple is reportedly seeking 15-20 bps from card issuers, while some banks have proposed around 10 bps; the service is expected to initially support contactless payments through iPhones and Apple Watches at NFC-enabled PoS terminals