Apple Pay Reportedly Set for India Launch With Axis Bank

Apple Pay may start working in India next month.

Axis Bank would reportedly be its first bank partner.

At first, people may only be able to use Axis Bank credit cards with the service.

Apple wants to add more banks through separate agreements.

Talks with HDFC Bank and ICICI Bank are still unfinished.

Apple Pay lets people pay using Apple devices without opening another payment app.

It protects card numbers by using tokenized information and security features such as Face ID and Touch ID.

India already has a very popular payment system called UPI.

Apple Pay will therefore be entering a busy and competitive market.