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Sources: Apple is in talks to launch Apple Card in India, and has met with HDFC and the RBI; a source says Apple is holding Apple Pay discussions with the NPCI

Anand J / Moneycontrol :

Moneycontrol Anand J

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Discussion

  • @abhishek Abhishek Bhatnagar on x
    Apple Credit Card will shake up the industry once it's launched in India. [Mockup of Apple Card application page “No fees. Period."]
  • @controversyy3 COC on x
    Apple is partnering with HDFC Bank to launch its new Credit cars services in India. Hope @Apple launches its Tap to Pay services too....!!!!!!!
  • @aamirsidd94 Aamir Siddiqui on x
    Before you get too excited, it wont be the Apple Card as it exists in the US. We have rules around how co-branded credit cards can operate, and the current iteration of the US Apple Card does not fall within them. So changes will have to be made IF and when it comes to India http…
  • @vinaykesari Vinay Kesari on x
    2. Card tap-and-pay is limited to Rs. 5,000 per txn. While this will cover many everyday card txns, Apple Pay customers won't be able to use their phones for higher value retail checkout. They'll have to rely on the physical card for that.
  • @vinaykesari Vinay Kesari on x
    Big news! Given that the RBI seems unwilling so far to grant any exceptions: 1. Apple wouldn't have access to txn info. Will have to see how this affects app UX as well as value accrual for Apple. They'll have to see if there are compliant workarounds. https://www.moneycontrol.co…
  • @yashrajjhawar7 Yashraj Jhawar on x
    Apple is planning to launch a credit card in India in partnership with HDFC. But.... With HDFC's 1 or 2 card policy I don't see a good amount of user base who will hold that card. What are your thoughts guys? #ccgeek
  • @chandrarsrikant Chandra R. Srikanth on x
    🚨🚨 Scoop: Apple looks to launch its credit card in India, taps HDFC Bank for partnership
  • @chandrarsrikant Chandra R. Srikanth on x
    This comes in the wake of Apple's decision to stop card payments in India on its App Store and for iCloud services. The credit card could also see significant changes from US model. Here, banks control card issuance & run the business. By @AnandJRAnand https://www.moneycontrol.co…
  • @chandrarsrikant Chandra R. Srikanth on x
    Apple CEO Tim Cook, met with HDFC Bank CEO and MD Sashidhar Jagdishan during his trip to India in April, per sources. It also held discussions with the Reserve Bank of India (RBI) on the modalities of the card, Moneycontrol has learned. https://twitter.com/...
  • r/AppleCard r on reddit
    Apple Reportedly in Discussions with Banks to Launch Apple Card in India