Apple is planning to launch its digital payment service, Apple Pay, in India by October 2024. The service will initially focus on global credit card networks like Visa and Mastercard. For UPI integration, Apple needs approval from NPCI and a partner bank. Currently, Apple is negotiating with banks for a 15-20 basis point interchange fee per transaction. The service will allow iPhone users to make contactless payments at POS terminals using NFC technology, helping Apple expand its reach in India's premium credit card segment.
https://hindi.business-standard.com/companies/apple-pay-could-arrive-in-india-by-october-focus-on-credit-card-payments-id-543266/
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