New Delhi, Jan. 22 -- Apple is reportedly exploring the launch ofApple Pay in India by late 2026, marking a calculated step into one of the world's most competitive digital payments markets. According to a Business Standard report, the iPhone maker is in discussions with global card networks, including Visa and Mastercard, while also preparing to seek regulatory approvals for the rollout.

Unlike the QR-code-led payment experience that dominates India today, Apple Pay's entry is expected to begin with card-based contactless payments. In its first phase, users would be able to add their debit or credit cards to Apple Wallet and make payments by tapping an iPhone or Apple Watch on NFC-enabled point-of-sale machines,a capability currently un...