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Wire · operational-macro

Apple Pay launches in India: What if Apple applies for a UPI licence?

1 October 2026 · By · Wire by Fusion42

Published

1 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at medianama.com →

◆ Verified

Fusion42 · 1 October 2026 · Fusion42 review

Apple has launched Apple Pay in India supporting only Axis Bank-issued Visa and Mastercard cards without UPI integration. To fully enter the payments market, Apple must obtain a UPI TPAP licence and comply with strict NPCI regulations including data localisation, competing in a space dominated by PhonePe and Google Pay.

This Wire brief sits within Fusion42's coverage of Fintech, and 6 sources have reported it between 30 Sep 2026 and 1 Oct 2026.

◆ ◆ The Wire takeaway

Apple entering India’s payments market without UPI pushes fintech founders to rethink partnerships with banks and platforms like Google Pay. Securing a UPI licence is your gateway to tapping millions of Indian smartphone users and challenging PhonePe and Google Pay dominance.

◆ Coverage

6 sources · first reported 30 Sep 2026 · latest 1 Oct 2026

◆ Related on Wire

◆ Topics

Fintechapple-payupi-licensenpciregulationindia-paymentsdigital-wallet