Apple Pay Reportedly Likely to Launch in India Soon; iPhone Maker Said to Be in Talks With Card Networks

The announcement comes as Apple Pay is said to be coming out in India by the end of this year. The tech giant’s digital payments service, which is based in the Cupertino-based tech company, has been launched in 89 global markets and will be available in India in next months. It has been reported that the service will support tap-to-pay functionality once it is launched, a report said. A regulatory approval for Apple Pay rollout in India is said to be pending the iPhone maker’s release of ApplePay, which will launch in india. This is also supported on Samsung smartphones, and allows iPhone and Apple Watch users to pay with a tap (called Apple Pay).

Apple Pay India Launch Timeline (Anticipated)

The company is preparing to launch its Apple Pay service in India by the end of 2026, according to Business Standard with unnamed sources. While the service reportedly awaits regulatory approval, Apple is said to be closely cooperating with banks and regulator-related companies as well as card networks for the rollout.

It is expected that the first phase of Apple Pay rollout will focus on card-based contactless payments. Report The report said more complex regulatory requirements would mean that the Unified Payments Interface (UPI) integration may have been done later.

It also claims that Apple isnegotiating fee structures with card issuers, and the company has been alleged to be unlikely to take UPI third-party application provider (TPAP) approval in the early stages.

Apple Pay is expected to support Tap to Pay on iPhone in India, which s. It means that users in India will be able to make NFC-based contactless payments at compatible point of sale terminals. With Apple Pay, the competition in the digital payment space is likely to be boosted by the entry of the company’s competitors. The country already has its own digital payments service, Samsung Wallet, from Apple’s rival Samsung which is also the nation’Same.

A phone or Apple Watch is available at stores, restaurants, fuel stations and more locations where the contactless payment symbols are displayed on Apple Pay via an iPhone or a Apple watch. When Apple Pay supports it, its payment options are available for payments within apps and online. It is currently available in 89 markets worldwide, according to Apple’s (acquired by over 11,000 banks and network partners) more than 20 local payment networks that support the service.