Apple (AAPL) Eyes an Apple Pay Launch in India. How Much can it Grow Without UPI?
Source: Insider Monkey ·
On September 18, 2026, Reuters reported that Apple Inc. (NASDAQ:AAPL) is preparing to launch Apple Pay in India next month, starting with Axis Bank credit cards, the first banking partner in what will be a phased, bank-by-bank rollout. The launch is enabled by a Reserve Bank of India rule change allowing biometric authentication for card […]
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On September 18, 2026, Reuters reported that Apple Inc. (NASDAQ: AAPL ) is preparing to launch Apple Pay in India next month, starting with Axis Bank credit cards, the first banking partner in what will be a phased, bank-by-bank rollout. The launch is enabled by a Reserve Bank of India rule change allowing biometric authentication for card payments, but will initially cover only Visa and Mastercard credit cards, not India's dominant Unified Payments Interface system. Don't Miss: Apple (AAPL) Raises Apple TV and Apple One Prices Again in the U.S. The Reserve Bank of India has removed a major regulatory and technical obstacle to Apple Pay's launch. India previously required SMS-based one-time passwords for many card transactions, which conflicted with Apple Pay's Face ID and Touch ID authentication model. The RBI's 2025 decision to permit biometric authentication allows Apple to offer its established tokenized-payment system without creating an India-specific workaround. It gives the…