Apple Update: Are you waiting for Apple Pay Service? Know when will the service start?
Apple is now preparing to launch its Apple Pay service in India, the world's most populous country. The company has begun discussions with Indian banks and global card networks. According to people familiar with the matter, the iPhone maker is in talks with ICICI Bank Ltd., HDFC Bank Ltd., and Axis Bank Ltd.
When will the Apple Pay service launch?
According to media reports, the payment service could launch in India by mid-2026. The timeline is still unclear, but discussions indicate that the company's service is launching soon.
According to the information, the company is also in talks with Mastercard Inc. and Visa Inc. for the Apple Payment network. People familiar with the matter spoke on condition of anonymity because the discussions are private. Apple has not yet commented on the matter. This is another step in Apple's efforts to expand in the country of 1.4 billion people. Apple's manufacturing and retail presence in India has helped Apple grow.
Apple Pay in India is expected to support card-based payments as well as India's government-run Unified Payments Interface, or UPI. UPI allows Indian customers to instantly transfer money and pay bills, and is at the forefront of India's digital payments space. The Times of India recently reported on Apple Pay's India plans.
These companies operate digital payment platforms in India.
Alphabet Inc.'s Google Pay, Walmart Inc.-controlled PhonePe, and Amazon.com Inc. are among the global companies already operating digital payment platforms in India, along with domestic companies like Paytm. Apple's payment service could face stiff competition if it launches. According to media reports, this feature could be included in the Apple Watch, iPhone, iPad, and MacBook.
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