{
  "id": 531790,
  "title": "Apple Pay Could Launch In India By October Without UPI Support",
  "url": "https://urgent.news/2026/08/11/apple-pay-could-launch-in-india-by-october-without-upi-support",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T03:31:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/tech/apple-pay-could-launch-in-india-by-october-without-upi-support"
  },
  "original_language": "en",
  "account": "Apple is reportedly set to launch its Apple Pay service in India by October, potentially entering the country's digital payments market. The new service will initially support credit cards, offering Apple a position in the premium card segment and a commission on each transaction processed. According to Business Standard, Apple Pay will initially support Visa and Mastercard networks, with Unified Payments Interface (UPI) support not included at launch. The service requires sign-off from the National Payments Corporation of India and a partnership with a sponsor bank to process transactions. Users will be able to store their cards on Apple Wallet and make contactless payments at compatible point-of-sale terminals. However, Apple is facing pricing hurdles ahead of the launch, as negotiations with India's largest credit card issuers over the share of the interchange fee have been unsuccessful. Apple is seeking a 15 to 20 basis point share, while some banks have offered closer to 10 basis points. The service is expected to boost credit card usage in India, with industry experts predicting an increase in credit card transactions alongside the growth of UPI.",
  "summary": "After a lot of delay, Apple is reportedly preparing to launch Apple Pay in India as early as October, marking the iPhone maker's entry into the country's digital payments market. The service would initially support only credit cards, giving Apple a foothold in India's premium card segment while also earning the company a cut on every transaction processed through it. No UPI support at launch,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}