iPhone maker Apple is reportedly mulling launching its digital payments service, Apple Pay, in India by late-2026. As per a Business Standard report, the big tech major is in discussions with global card networks like Visa and Mastercard to roll out the service in the country. Apple also plans to seek regulatory approvals to launch the digital payments offering. Apple plans to roll out the service in phases. In the first stage, Apple Pay will focus on card-based contactless payments – allowing users to add their cards to Apple Wallet and pay by tapping their iPhone or Apple Watch on NFC-enabled machines. As of now, cards issued in India cannot be added to Apple Wallet. In the later phases, the big tech giant could also roll out support for UPI, which would need a separate set of regulatory approvals. As per the report, Apple is unlikely to apply for a UPI third-party app licence initially as the process is more complex than for card-based payments. The iPhone maker is also said to be in discussions with card issuers on the fees chargeable to access its payments system. The move comes as Apple looks to expand its services business in India.… Read MoreInc42 Media
