Know why Apple Pay will not be launched in India?

Sep 11 2018 08:37 AM
Know why Apple Pay will not be launched in India?

America's company Apple Pay Payment System will not be launched in India. Apple will not launch its flagship cashless payment system in India. This service is currently available only to users in Australia, Canada, Mainland China, France, Hong Kong, Ireland, Italy, Japan, New Zealand, Russia, Singapore, Spain, Switzerland, UK, USA and Taiwan.

Why did Apple take this decision?

Some media reports say that the Apple company has already postponed the launch of this service in India. If the news is to be believed then Apple will not launch this service in India unless it sees what changes India has made in the rules related to digital payment. Earlier, Amazon and Whatsapp also postponed the launch of its digital payment service for these reasons in India.

The second biggest reason is the way of payment. NPCI has not allowed pin based payment system of Apple Pay. Apple Pay lowers the contactless payment system, which does not require a PIN and OTP. Through this, payment is made only through a fingerprint. While NPCI has issued instructions to verify the payment, a PIN of 4 to 6 digits must be required. At present, NPCI is not allowing access to biometric.

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