Apple Pay THERE RECITED grew to become the second largest payment processing service in the world after Visa, handling 9.5 trillion transactions for more than 800 million customers.
These figures now seem set for a significant increase as well Apple prepares for the largest ever expansion of the mobile wallet service…
Bloomberg reports that the company is working on an Apple Pay release in INDIAwhich last year paraded China will become the most populous country in the world.
The iPhone maker is in talks with ICICI Bank, HDFC Bank and Axis Bank as it aims to introduce its payments service in India around mid-2026, according to people with knowledge of the matter.
Apple has likely been waiting for a change in the law, and the timing now seems perfect.
India’s central bank late last year introduced new rules that allow biometric authentication, such as fingerprints or facial recognition, for digital payments. Indian authentication mechanisms have previously relied mostly on one-time passwords sent via text messages […]
With more than 750 million smartphone users with free mobile data and a government-backed push, India is one of the fastest growing digital payments markets in the world
The move is likely to boost demand for the iPhone domestically as the fast-growing middle class looks to take advantage of the more flexible payment system. India is becoming an increasingly large market for Apple, with the iPhone market share now reaching around 10%.
Apple this week opened its sixth retail store in the country.
Photo from Christian Koepke IN Remove the spray
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