Daily Tech News, Interviews, Reviews and Updates

Apple In Discussions To Launch The Apple Card In India

Apple is in discussions to launch the Apple Card, which is its credit card, in India. The discussions for this are with the HDFC bank. The discussions are in their primary stages and no final decisions have been taken so far.

India has been in focus for Apple for the last 2 years because iPhone sales are growing at a rapid pace from the year 2022. A 50% growth of over Rs 33,500 crore in iPhone sales took place in India.

This amount of money is a significant amount to the total revenue of Apple. Converting this amount through the Apple Card would have a substantial impact on them.

Apple Card

Customers using the Apple Card for making purchases can earn up to 1% of cashback, which increases to 2% if the payment is made with Apple Pay. The customers using this card for payment at Apple stores and selected partners will get a cashback of 3%.

Apple does not charge late fees to Apple card holders along with foreign transactions, returned payments, or annual credit card fees, but the users have to pay interest fees generated for carrying the balance.

Apple card owners can open a 4.15% savings account with no minimum balance limit to deposit their daily cash. Each customer will get a unique card number for each device. The number is stored in a secure element that is used by Apple Pay to handle transactions and on-device cryptographic functions.

Apple is also having discussions with the NPCI (National Payments Corporation of India) regarding the launch of Apple Pay in India. Now is the time when a significant number of payments are being increasingly made through payment apps on smartphones.

Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More
You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More