As Apple has set its feet in India, now the multinational technology company looking forward to launching its payment feature called Apple Pay in the country for a long time.Apple likely to launch a new payment feature – Apple PayAccording to GSMArena, Apple is planning to hold talks with the local regulatory bodies, the NCPI- a special division of Indias central bank (the Reserve Bank of India).Apple Pay would be entering into a hyper-competitive segment with players like PhonePe, Google Pay, WhatsApp Pay, Paytm, etc.Apples CEO, Tim Cook has reportedly met with Indian authorities to negotiate a localised version of Apple Pay. Now, the users of this new feature will be able to scan QR codes and initiate UPI transactions without using third-party apps, news agency ANI reported. Also, it is said that the tech company wants the users to confirm UPI transactions using the Face ID feature.Despite all the planning of introducing Apple Pay, the company has not entered negotiations with local partners (Banks) yet.Apples buy now, pay later serviceEarlier, in March, Apple introduced “Apple Pay Later,” a buy now and pay later service. But it applied to selective customers in the US only.The idea was first introduced at the WWDC in 2022, Apple Pay Later lets users split the cost of an Apple Pay Purchase into four equal payments over six weeks, and there is no interest or late fees.
