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Apple Pay to Launch in India by October

  • Apple Pay is expected to launch in India by late September or October 2026, focusing initially on Visa and Mastercard credit cards without supporting UPI payments.
  • Apple is negotiating with major Indian credit card issuers over an interchange fee of about 15-20 basis points per transaction, while banks prefer closer to 10 basis points; this fee will not be charged directly to consumers.
  • The initial rollout will enable users to add credit cards to Apple Wallet and make contactless payments via NFC on iPhones, similar to other markets.
  • The lack of UPI support at launch may limit adoption compared to existing payment apps in India that rely heavily on UPI, and Apple Pay's launch timeline and details have not been officially confirmed.
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Zoom News broke the news on Monday, August 10, 2026.
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