Apple To Introduce Credit Card & Apple Pay In India: Reports
Author: Subharthi Bayen
Date: June 24, 2023
Time: 9 am
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Apple is reportedly in talks with Indian banks and regulators to launch its credit card, which could be dubbed Apple Card in India.
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Apple CEO, Tim Cook met with HDFC Bank CEO and MD Sashidhar Jagdishan during his recent trip to India
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Apple is also reportedly holding talks with the National Payments Corporation of India (NPCI) to possibly launch Apple Pay in the country
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The new development from Apple comes at a time when a significant number of payments are being made through mobile phones.
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According to reports, RBI has asked Apple to follow the regular procedure for co-branded credit cards, without offering any special consideration
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