Apple Moves Closer to Launching Apple Pay in India

#Apple is reportedly in talks with ICICI Bank, HDFC Bank, and Axis Bank as it advances plans to bring Apple Pay to #India , following earlier discussions with regulators and card networks for a phased rollout.

India’s payments market is dominated by UPI, which processes more than 12B transactions monthly, presenting Apple both a massive opportunity and stiff competition from incumbents like PhonePe and Google Pay.

With India posting strong GDP growth and attracting deeper US tech investment, an Apple Pay launch could strengthen Apple’s ecosystem foothold in one of the world’s fastest growing digital economies.