1 hr ago
Apple Pay Enters India’s Digital Payments Market With Axis Bank
Apple has launched Apple Pay in India with help from Axis Bank.
People with eligible Axis Bank credit cards can add them to Apple Pay.
They can then use an iPhone, iPad or Apple Watch to pay.
Mac support is expected soon.
Payments can be made in stores, apps and on websites.
Users do not need to type a PIN or OTP at checkout.
Apple says it keeps card numbers protected instead of sharing them with shops.
If a device is lost, its owner can use Find My to lock or stop payments.
Apple launched Apple Pay in India in partnership with Axis Bank.
The service works on iPhone, iPad and Apple Watch, with Mac support coming soon.
Axis Bank Visa and Mastercard credit-card holders can pay without entering PINs or OTPs at checkout.
Apple Pay will work across millions of Indian merchants, including Zomato, Blinkit, Croma and Reliance brands.
Apple says card numbers and transaction details are protected and not stored or shared with merchants.
- Who
- Apple and Axis Bank launched the service for eligible Axis Bank cardholders.
- What
- Apple Pay entered India’s digital payments market.
- Where
- The service is available across India at participating merchants, apps and websites.
- When
- The launch was announced on Wednesday.
- Why
- Apple said Indian consumers are embracing cashless payments while seeking strong security and privacy.
Key facts
- Launch partners
- Apple and Axis Bank
- Eligible cards
- Axis Bank-issued Visa and Mastercard credit cards
- Supported devices
- iPhone, iPad and Apple Watch; Mac support is coming soon
- Payment options
- Stores, apps and websites
- Merchant reach
- Accepted by millions of merchants across India
- Security
- Card numbers are replaced by an encrypted Device Account Number stored in the device’s Secure Element
- Global availability
- Available in more than 90 countries and regions, with more than 11,000 bank and network partners
Quotes
Jennifer Bailey
Apple’s vice president of Apple Pay and Apple Wallet
“India is home to a dynamic and digitally savvy population that continues to embrace a cashless future while expecting the highest standards of security and privacy, and we're so excited to bring Apple Pay to users in India today.”
thehansindia.com
Sources
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