Apple Pay launches in India with Axis Bank as first card partner
In short
Apple Pay has launched in India with Axis Bank as its first card partner. Eligible Visa and Mastercard credit card users can make contactless payments with iPhone and Apple Watch.
This gives some customers a new way to pay in shops, apps and websites. The report does not say when more banks may join.
What the reporting says
Apple Pay launched in India with Axis Bank as its first card partner, according to a publisher-supplied summary. Eligible Visa and Mastercard credit card users can make contactless payments through iPhone and Apple Watch at participating merchants, apps and websites. The immediate effect is a new payment option for cardholders, while the reporting does not say whether any other banks or card types are included later.
Why it matters
The available reporting says Apple Pay is now live in India with Axis Bank as the first card partner. It is limited at launch to eligible Visa and Mastercard credit card users making contactless payments on iPhone and Apple Watch. This is relevant to consumers and the payments market, but the report does not state launch breadth, fees, or any transaction targets.