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BusinessActive · day 2

Apple Pay to launch in India by October, initially without UPI

Apple's payment service will support Visa and Mastercard but requires regulatory approval for India's dominant UPI system.

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yesterdaytodaynow · 9:50 PM

Summary, timeline and people extracted by Claude from 18 items across 3 sources · 3h ago. Quotes are verbatim.

Apple Pay is set to launch in India by October 2026, supporting credit card transactions via Visa and Mastercard through NFC-enabled contactless payments. The service will not initially support India's Unified Payments Interface (UPI), as Apple requires approvals from the National Payments Corporation of India and a banking partner to access that system. Apple is reportedly negotiating transaction fees with Indian banks, with discussions ongoing around 15–20 basis points per transaction.

  • Apple Pay launches in India by October 2026 with Visa and Mastercard credit cards; NFC contactless payments available from day one.
  • UPI support delayed pending regulatory approval from NPCI and a sponsor bank partnership; negotiations ongoing.
  • Apple proposing 15–20 basis points transaction fee to banks; larger issuers seeking lower 10 basis point rate.
  • Launch expands Apple's services footprint in one of the world's fastest-growing digital economies but initially excludes India's dominant payment system.

How it unfolded

  1. Report MacRumors amplifies India launch plans

    MacRumors covers the Business Standard report, confirming Apple Pay's October launch window and detailing regulatory hurdles for UPI integration, including required clearance from NPCI and a sponsor bank partnership.

  2. Event Business Standard confirms October launch timeline

    Business Standard reports, citing people familiar with the matter, that Apple Pay will launch in India by October 2026, supporting Visa and Mastercard but not UPI at launch.

  3. 27 weeks quiet
  4. Report Bloomberg reports Apple in talks with Indian banks

    Bloomberg reports Apple has been in talks with major Indian banks to launch Apple Pay in the country during 2026.

What people are saying verbatim

“Apple Pay will launch in India by this October, reports Business Standard, citing people familiar with the matter.”

MacRumors · MacRumors ↗

“Apple would need clearance from the National Payments Corporation of India (NPCI) for that to happen, plus it would need to partner with a sponsor bank for routing the transactions.”

MacRumors · MacRumors ↗

“Apple Pay will initially support Visa and Mastercard credit cards.”

Business Standard · Business Standard ↗

“Apple is reportedly negotiating a transaction fee of 15 to 20 basis points from banks for every credit card payment made through Apple Pay. However, some credit card issuers are reportedly pushing for a lower fee of 10 basis points.”

Deccan Chronicle · Deccan Chronicle ↗

“Users who possess credit cards from these providers will be able to add their card details to the Apple Wallet application on their devices.”

zoomnews.in · zoomnews.in ↗