Apple Pay Prepares for India Entry With Distinct Payment Mechanics
· Technology · NDTV, Gadgets360
Apple Pay is preparing to launch in India, bringing contactless payments to iPhone users across the country. Unlike domestic Unified Payments Interface apps that transfer money directly between bank accounts, Apple Pay uses tokenised card transactions stored in the Apple Wallet. The service will support major debit and credit cards issued by Indian banks once operational. Users can authenticate payments using Face ID or Touch ID at supported point-of-sale terminals. The exact rollout timeline and participating banking partners have not been officially announced.
Why it matters
The entry of Apple Pay introduces a major global digital wallet competitor into India's crowded mobile payments market, impacting millions of iOS users and existing fintech platforms.
Read the original report — NDTV
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.