Key Highlights
- According to sources cited by Business Standard, Apple is working with banks, regulators and card networks to ensure compliance ahead of the launch.
- The initial focus will be on card-based contactless payments, while integration with India’s Unified Payments Interface (UPI) is expected to come later due to regulatory complexities.
- Apple is also negotiating fee arrangements with card issuers and may not seek third-party UPI provider approval in the first phase.
