{"id":589959,"date":"2026-08-11T13:20:10","date_gmt":"2026-08-11T13:20:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/589959\/"},"modified":"2026-08-11T13:20:10","modified_gmt":"2026-08-11T13:20:10","slug":"apple-pay-to-launch-in-india-by-october-but-without-upi-support","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/589959\/","title":{"rendered":"Apple Pay to launch in India by October, but without UPI support"},"content":{"rendered":"

Quick summary – click for full details<\/p>\n

Concise summary of key highlights<\/p>\n

In one line<\/p>\n

Apple Pay is set to launch in India by October, competing in the booming UPI-based digital payments market.<\/p>\n

Key points<\/p>\n

\u2022 India’s UPI dominance<\/p>\n

India’s UPI system, launched in 2018, now accounts for over 49% of global real-time payment transactions, with 2,365.84 crore transactions worth Rs 29.88 lakh crore in the last month alone.<\/p>\n

\u2022 Apple’s market entry<\/p>\n

Apple Pay is expected to launch in India by late September or early October, following negotiations with local banks and NPCI approval for UPI-based services.<\/p>\n

\u2022 Transaction fee dispute<\/p>\n

Apple seeks a 0.15-0.20% commission per transaction, while banks insist on a 0.10% cut, leading to ongoing negotiations.<\/p>\n

\u2022 Regulatory compliance<\/p>\n

Apple must comply with RBI and NPCI requirements, including local storage of transaction details, before integrating RuPay and UPI services.<\/p>\n

\u2022 Incentives for adoption<\/p>\n

Apple is likely to offer cashbacks on purchases and discounts on its products to attract users in India’s competitive digital payments market.<\/p>\n

Key statistics<\/p>\n

49%<\/p>\n

UPI’s share of global real-time payments<\/p>\n

2,365.84 crore<\/p>\n

Monthly UPI transactions in India<\/p>\n

Rs 29.88 lakh crore<\/p>\n

Monthly UPI transaction value<\/p>\n

0.15-0.20%<\/p>\n

Apple’s proposed transaction fee<\/p>\n

0.10%<\/p>\n

Banks’ proposed transaction fee<\/p>\n

Processed with AI. Reviewed by DH Digital Team.<\/p>\n

\"An<\/p>\n

An Apple iPhone with Apple Pay is shown in this photo illustration. <\/p>\n

Published 11 August 2026, 10:41 IST<\/p>\n","protected":false},"excerpt":{"rendered":"Quick summary – click for full details Concise summary of key highlights In one line Apple Pay is…\n","protected":false},"author":2,"featured_media":589960,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[249298,249287,249292,249286,249289,249290,249293,249283,249294,249304,249295,249288,249291,249303,128745,249305,249285,249284,61,249306,249296,249302,60,202,249299,249300,249301,80,249297],"class_list":["post-589959","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-000-crore-monthly","tag-apple-pay-0-20-transaction-fee","tag-apple-pay-cashback-offers-india","tag-apple-pay-commission-0-15","tag-apple-pay-credit-card-india","tag-apple-pay-digital-payments-india","tag-apple-pay-e-commerce-discounts","tag-apple-pay-india-launch-october","tag-apple-pay-iphone-apple-watch-payments","tag-apple-pay-local-banks-tie-ups","tag-apple-pay-local-storage-rbi-rules","tag-apple-pay-mastercard-visa-india","tag-apple-pay-nfc-pos-terminals","tag-apple-pay-phased-rollout-india","tag-apple-pay-rbi-approval","tag-apple-pay-regulatory-compliance-india","tag-apple-pay-rupay-india","tag-apple-pay-upi-integration","tag-ie","tag-india-cashless-payment-trends-2024","tag-india-digital-payments-growth-2024","tag-india-real-time-payments-global-share-49","tag-ireland","tag-mobile","tag-npci-apple-pay-negotiations","tag-samsung-pay-google-pay-amazon-pay-india","tag-tech-giants-digital-wallet-market-india","tag-technology","tag-upi-transactions-20"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=589959"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/589960"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=589959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=589959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=589959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}