{"id":492353,"date":"2026-02-26T21:40:10","date_gmt":"2026-02-26T21:40:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/492353\/"},"modified":"2026-02-26T21:40:10","modified_gmt":"2026-02-26T21:40:10","slug":"apple-in-talks-to-bring-digital-wallet-to-india","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/492353\/","title":{"rendered":"Apple in Talks to Bring Digital Wallet to India"},"content":{"rendered":"

Apple<\/a>\u00a0is reportedly talking with banks and card networks to launch Apple Pay in India.<\/p>\n

The company is holding discussions with Indian lenders\u00a0ICICI Bank<\/a>,\u00a0HDFC Bank<\/a>\u00a0and\u00a0Axis Bank<\/a>\u00a0with plans to introduce its digital wallet in the world\u2019s most populous country in the middle of the year, Bloomberg News\u00a0reported<\/a>\u00a0Thursday (Feb. 26), citing sources familiar with the matter.<\/p>\n

In addition, Apple is discussing the plans with\u00a0Visa<\/a>\u00a0and\u00a0Mastercard<\/a>, the sources said. The report characterizes this as another step in Apple\u2019s effort to boost its business in India as that country\u2019s middle class expands.<\/p>\n

PYMNTS has contacted Apple for comment but has not yet gotten a reply.<\/p>\n

Apple has also stepped up its manufacturing base in India,\u00a0sourcing iPhones<\/a>\u00a0from the country last year to offset the cost of tariffs on goods shipped from China, the report added.<\/p>\n

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According to the Bloomberg report, Apple Pay in India is expected to support the popular country\u2019s Unified Payments Interface, (UPI), as well as card-based payments. As Bloomberg notes, Apple will find itself competing with the likes of Google Pay<\/a>, Walmart<\/a>-backed\u00a0PhonePe<\/a>\u00a0and\u00a0Amazon<\/a>\u00a0\u2014 along with domestic companies like\u00a0Paytm<\/a>\u00a0\u2014 for a share of India\u2019s digital payments market.<\/p>\n

Advertisement: Scroll to Continue<\/p>\n

The news follows a report from last month by the Indian business news outlet Moneycontrol that Apple was in talks with card networks and regulators to\u00a0launch Apple Pay in the country<\/a>.<\/p>\n

As PYMNTS wrote earlier this month, use of Apple Pay in physical stores in the U.S. has doubled in the last year, but the mobile wallet processes just 1 out of every 10 eligible transactions and faces\u00a0increasing competition<\/a>\u00a0from rivals that are growing even faster.<\/p>\n

That\u2019s according to \u201cApple Pay @11: Usage Is Up, but Competitors Are Gaining Ground<\/a>,\u201d\u00a0a PYMNTS Intelligence report exploring the state of Apple Pay usage during 2025.<\/p>\n

\u201cWhile Apple Pay has grown its total sales volume from $268 billion to $450 billion this year, the platform accounts for just 10% of eligible in-store purchases and under 5% of transactions overall,\u201d PYMNTS wrote. \u201cWhen consumers do use mobile wallets to pay, they increasingly fund those purchases through digital balances alongside traditional credit and debit cards.\u201d<\/p>\n

The research showed a surge in in-store\u00a0mobile wallet<\/a>\u00a0activity, with 31% of consumers using them weekly, compared to 14% in 2024. Apple Pay led this growth: 16% of consumers said they had used the service in stores during the previous week, double the share from 2024.<\/p>\n

But rivals are gaining traction, with Google Pay usage more than doubling, and\u00a0PayPal<\/a>\u00a0and\u00a0Cash App<\/a>\u00a0both nearly doubling their in-store usage during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"Apple\u00a0is reportedly talking with banks and card networks to launch Apple Pay in India. The company is holding…\n","protected":false},"author":2,"featured_media":492354,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[517,42473,22591,2344,165,62689,3,3300,74,3301],"class_list":{"0":"post-492353","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-apple","9":"tag-apple-pay","10":"tag-digital-wallets","11":"tag-india","12":"tag-mobile","13":"tag-mobile-wallets","14":"tag-news","15":"tag-pymnts-news","16":"tag-technology","17":"tag-whats-hot"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/492353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=492353"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/492353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/492354"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=492353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=492353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=492353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}