Apple Pay launches in India: how the service works and where it falls short
Apple Pay has gone live in India for Axis Bank credit cardholders. We explain how the service works, how it differs from rivals and what is not yet available.
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what happened
Apple Pay is now available to iPhone, iPad and Apple Watch users in India. For now it works only with Axis Bank credit cards on Visa and Mastercard networks, although TradingView, citing Mint, reports that Apple is in talks with other major domestic lenders. Payments are confirmed with biometrics, with no PIN or one-time password, and tokenization keeps the card number hidden from merchants.
The Indian version lacks UPI, RuPay, Apple Cash and Apple Pay Later, which are offered in other countries. The main benefit is for international travelers, who previously had to rely on physical plastic cards.
why it matters
The story mainly concerns Apple, Axis Bank and the expansion of Apple's payments ecosystem beyond the US and Europe. It has little relevance for the broader market.
tags
instruments
sources
- Apple Pay debuts in India: how it works, features, and key limitations — Moody's, 18 October 2026 at 10:49 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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