A report says Apple is talking with banks and regulators to launch the Apple Card in India. Here's what we know so far.
), Apple is talking with banks and regulators to launch the Apple Card in the Asian country. The publication says that the company’s CEO, Tim Cook met with HDFC Bank CEO and MD Sashidhar Jagidshan during his trip to India in April.
Interestingly enough, these talks reportedly happened while Apple was also interested in launching Apple Pay in the country. The tech firm is discussing with the National Payments Corporation of India how this could happen. MoneyControl says, “It is not clear whether these discussions are regarding its credit card being powered by NPCI’s Rupay platform or whether this is for Unified Payments Interface . The advantage of launching a Rupay Credit Card is that it can be linked to UPI as well. In India, only banks are allowed to launch credit cards. UPI allows customers to make seamless and fast payments by scanning QR codes through mobile phones.
Besides HDFC, the publication heard that the Reserve Bank of India could also co-brand the Apple Card in the country.
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