Apple Pay Service to Launch Soon in India: iPhone Users Can Make Payments Without Swiping Cards; Talks Underway with Mastercard and Visa
Apple is preparing to launch its digital payment service, Apple Pay, in India. The company has begun discussions with major card networks like Mastercard and Visa for this purpose.
According to a Moneycontrol report, Apple is in the process of obtaining the necessary regulatory approvals in India. The company plans to roll it out in phases by 2026.
Service May Launch Without UPI Initially
According to reports, in the first phase of Apple Pay’s launch, the company will not apply for a Third-Party Application Provider (TPAP) license for UPI (Unified Payments Interface).
Initially, Apple will focus entirely on card-based contactless payments. This means iPhone users will be able to store their credit or debit cards in Apple Wallet and make payments at merchant outlets simply by tapping their phones.
Tap-to-Pay Feature Will Provide Convenience
With Apple Pay, users will no longer need to carry physical cards. It uses ‘Tap-to-Pay’ technology, which is based on Near-Field Communication (NFC).
Users will be able to authenticate payments using Face ID or Touch ID. This will make the payment process much faster and more secure. Currently, the option to add Indian cards to Apple Wallet is not available.
