Apple Pay Launches in India With Axis Bank

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Apple Pay has launched in India with Axis Bank as its initial partner. The rollout follows negotiations with the Reserve Bank of India regarding tokenization requirements, and some major Indian banks are not supporting the launch initially.

Key facts

• Apple Pay has begun its rollout in India.
• Axis Bank is the initial partner for Apple Pay in India.
• Several major Indian banks are not supporting the launch initially.
• The launch follows negotiations with the Reserve Bank of India regarding tokenization requirements.