Thursday, 6 September 2018

Apple reportedly pauses its plans to launch payments in India


Apple’s hit the brakes on its efforts to bring its mobile payments service to India – leaving fans in the country waiting indefinitely for the feature to become available there. The company’s senior vice president for internet software and services, Eddy Cue, expressed interest in bringing Apple Pay to India almost a year ago. But regulatory hurdles and challenges in designing and engineering the service to work with India’s UPI platform for instant transactions between bank accounts has caused the company to put things on hold for now, reports The Economic Times. The biggest hurdle is that the Reserve Bank…

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https://ift.tt/2Qe3PB8 Abhimanyu Ghoshal September 06, 2018 at 03:00AM

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