Visa in Talks to Power Apple Pay India Launch with 3 Major Banks
Visa has been approached by Apple to integrate with Apple Pay in India, with discussions underway with ICICI Bank, HDFC Bank and Axis Bank for a launch later this year supporting the UPI platform. Entry into India's 1.4 billion-person market could drive significant transaction growth on Visa's network.
1. Talks between Visa and Apple for India launch
Visa has engaged with Apple on integrating its payment network into Apple Pay for India, holding discussions with ICICI Bank, HDFC Bank and Axis Bank. The planned roll-out, expected later this year, aims to support India's Unified Payments Interface for seamless Apple Pay transactions.
2. India’s payments market potential
With over 1.4 billion residents and growing smartphone adoption, India's digital payments are surging, presenting Visa with a chance to capture incremental transaction volume. Integration with Apple Pay alongside UPI support could expand Visa’s footprint beyond its current share of smartphone payment transactions and drive network growth.