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Apple Pay coming to India soon after initial talks with NPCI

TelanganapressBy TelanganapressJune 23, 2023No Comments

Apple Pay Offers Simple, Secure and Private Payments on iPhone, iPad, Apple Watch and Mac

Published Date – Fri 06/23/23 11:15pm


Apple Pay coming to India soon after initial talks with NPCI
Photo: IANS

New Delhi: Apple Pay could be coming to India soon, as the tech giant has held preliminary discussions with the National Payments Corporation of India (NPCI) to launch a localized version of its digital payments app in the country, reaffirming its aim . talks.

Sources told IANS on Friday that initial talks are complete and the Cupertino-based iPhone maker could soon launch Apple Pay in India, which is currently high on the company’s global map.

According to sources, iPhone users in the country can scan QR codes and perform Unified Payments Interface (UPI) transactions just like using other digital payment apps.

There was no immediate comment from Apple or NPCI for this story.

India has created a significant and strong ecosystem of innovations such as the Unified Payments Interface (UPI) benefiting millions of people.

UPI accounts for 75% of retail digital transactions in the country during 2022-23 and is expected to record 1 billion transactions per day by 2026-27.

According to NPCI, UPI transactions hit a record high of 9 billion in May.

Apple Pay provides an easy, secure and private way to pay on iPhone, iPad, Apple Watch and Mac.

You can add credit, debit, or prepaid cards from participating banks and card issuers in multiple countries, including 10 countries in the Asia Pacific region.

Earlier this year, Apple launched Pay Later in the US, which allows users to split purchases into four payments with zero interest and no fees.

Users can easily track, manage and repay Apple Pay Later loans in one convenient location in Apple Wallet.

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