Apple looks to resume talks for Apple Pay launch in India

Apple looks to resume talks for Apple Pay launch in India

a year ago
Anonymous $dkjhICK8vw

https://techcrunch.com/2023/06/22/apple-looks-to-resume-talks-for-apple-pay-launch-in-india/

Apple plans to engage with NPCI and other authorities in India in the coming weeks for the launch of its payments service Apple Pay in the South Asian market, according to two people familiar with the matter, eyeing an entrance into a crowded space that is dominated by Walmart’s PhonePe, Google’s GPay and Paytm.

The company, whose chief executive Tim Cook met with bankers during his recent visit to India, is working on a localized version of Apple Pay that works atop of UPI, a popular payments mode in the South Asian market, people familiar with the matter said. NPCI, a special division of India’s central bank Reserve Bank of India, oversees the UPI platform.