Apple Pay Launches In India
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Apple Pay will increase credit card use in India, but experts see no impact on iPhone prices
Apple Pay is now available in India, completing Apple's ecosystem in the country. While you can start making purchases with Apple Pay, it is unlikely that this will make iPhones cheaper for you, at least for now.
Apple, which launched Apple Pay in India today, September 30, said it does not store actual card numbers on devices or servers following its launch. It uses tokenisation and a secure hardware chip to protect user data.
Thousands of US banks and credit unions can now sue Apple in a class action lawsuit alleging anticompetitive Apple Pay transaction fees.
U.S. District Judge Jeffrey S. White has certified a class-action lawsuit accusing Apple of charging payment card issuers inflated fees for Apple Pay transactions.