Apple is preparing to launch its Apple Pay payment service in India, starting with an initial partnership with Axis Bank.
Reader brief
Through the Reader lens: Apple is reportedly set to introduce its Apple Pay service in India, with reports indicating a partnership with Axis Bank for the initial launch phase. While this will be Apple's first entry into the Indian digital payments market, the company is also in talks with other major financial institutions like HDFC Bank and ICICI Bank to expand the service. The launch is expected to occur as soon as next month, targeting the world's most populous nation.
What to watch next
- Official confirmation of the Apple Pay launch date in India
- Finalization of agreements with additional Indian banks
- The expansion of the service to other credit card providers beyond Axis Bank
Sources1
All filed from IndiaNamed India · IN-KA · HDFC Bank · ICICI Bank · SBI Cards · Apple · Axis Bank · Mumbai · Reuters · Tim Cook
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