Apple Pay will launch in India by this October, reports Business Standard, citing people familiar with the matter. Apple Pay will support major credit card networks like Visa and Mastercard, but it won't support transactions via the country's Unified Payments Interface (UPI) at launch. Apple would need clearance from the National Payments Corporation of India (NPCI) for that to happen, plus it would need to partner with a sponsor bank for routing the transactions.

Apple’s reported India launch comes nearly a decade after the company first indicated that it wanted to bring Apple Pay to the country

The rumoured launch could also boost credit card payments in India.