India, Feb. 27 -- Apple is in discussions with several key Indian banks as well as global card networks in preparation to start Apple Pay in the world's most populous country.
The iPhone maker is in talks with ICICI Bank, HDFC Bank and Axis Bank, as it aims to introduce its payment service in India around the middle of 2026, according to people with knowledge of the matter. The timeline remains fluid, but the talks indicate an approaching launch. Shares of Indian payments providers including Paytm declined.
Apple is also discussing the plan with payment networks Mastercard and Visa, said the people, who asked not to be named because the deliberations are private. P3
Published by HT Digital Content Services with permission from Hindustan Ti...