By Admin 
Apple Pay In India: Apple’s digital payment service Apple Pay may start soon in India. For this, the company is in talks with global card networks including MasterCard and Visa. It is also trying to get regulatory approval. If everything goes as expected, Apple Pay will be launched in India this year. Let us tell you that Apple Pay is already operational in 89 markets of the world and now it wants to establish its foothold in India also.
Card payment will start first
According to media reports, Apple will launch its service in India in a phased manner. In the first phase, emphasis will be on card-based contactless payment. After its rollout is completed, it can be integrated with UPI. For this the company will have to take separate approval. According to the information, Third-Party Application Provider (TPAP) will not apply for license for UPI. Let us tell you that Apple’s competitor Samsung is already running its digital payment platform Samsung Wallet in India. It was launched in 2022 and now the option of UPI has also come on it. This step has helped Samsung strengthen its place in India’s digital payment market.
What will be the benefit of Apple Pay?
Apple Pay is operated by Apple’s subsidiary Apple Payment Service. After its launch, users will be able to store their debit and credit card information in Apple Wallet. The advantage of this will be that they will be able to make payment by tapping the Apple device near the Point of Sale (PoS) machine. Currently, cards issued in India cannot be added to Apple Wallet. Let us tell you that Apple’s interest in India has increased for some time. The company is continuously strengthening its position in the smartphone market in India. Now it has also joined the top-5 companies selling maximum number of phones in India.
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