Apple is reportedly preparing to launch Apple Pay in India
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- Aozora
- 7km
- 03 Jul 2023
First of all, India is massive in terms of population. The fact that less than 10% use iPhones might sound low but the sheer number of devices would prove otherwise. Also, most of those 10% iPhone users are actually the wealthy (upper middle class and upper class). Almost all (almost) of the android users use phones that cost 100-200 USD and 99% of them don’t even have credit cards. Despite how it seems, the iPhone market in India is pretty great and almost all of my friends who have a decent job actually own iPhones (and bitch about the absence of apple pay)
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- Aozora
- 7km
- 03 Jul 2023
Just to rectify, all payments in the country don’t go through UPI. Credit cards (Visa, MC and Amex) are not a part of UPI and they exist independently like every other country. UPI is just a direct bank to bank transfer system which coexists with traditional credit cards.
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- polarcap
- U@K
- 28 Jun 2023
Anonymous, 24 Jun 2023I believe 10% of Indian market is still enormous amount of ... moreyes, when looking at it either way apple might get profit but not the kind they were expecting☺️
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- S
- xjH
- 25 Jun 2023
Anonymous, 24 Jun 2023I believe 10% of Indian market is still enormous amount of ... moreIndia has 1400 million population.
10% means 140 million.
So, if 140 million people buys 1000 usd apple phone that alone generate revenue of 140 billion for apple.
That is the reason they are focusing in india.
Although out of 1400 million people more than 800 million people don't spend 6 usd a day and they are not apple's target consumer base.
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- Anonymous
- t5U
- 24 Jun 2023
Ki124, 23 Jun 2023"Currently, all payment methods in the country work at... moreYes. UPI is an Indian payment system. It is flawless and amazingly fast.
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- -Trix-
- nSW
- 24 Jun 2023
Carol, 24 Jun 2023By your claim apple pay has no security whatsoever, you ca... moreOf course Apple Pay needs Fingerprint or Face ID to make secure payment, but it happens in blink of an eye, again no need to open any extra app because Apple Pay is built into system, just double tap the power button or hold phone near the register and you're done. With everything else you need to manually open the certain app which have the payment feature, like I said extra steps.
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- Anonymous
- rJ@
- 24 Jun 2023
I believe 10% of Indian market is still enormous amount of users, like millions of people
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- Anonymous
- rKg
- 24 Jun 2023
-Trix-, 24 Jun 2023Apple Pay is faster because it's built in into the sys... moreYou are not understanding the point. Apple pay is wallet working on NFC technology while upi is contactless payment system. They are totally different apps altogether. Maybe apple pay is good as you say but only in developed countries, in india upi system is more suitable.
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- Carol
- mek
- 24 Jun 2023
-Trix-, 24 Jun 2023Apple Pay is faster because it's built in into the sys... moreBy your claim apple pay has no security whatsoever, you can deplete someones bank as long as you hold he's/her iphone....
Pretty sure, there are mesures taken and you do not quite understand what you're talking about.
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- -Trix-
- mhV
- 24 Jun 2023
MG7, 23 Jun 2023UPI is quick, reliable and easiest. apple pay has very toug... moreApple Pay is faster because it's built in into the system, you don't need to open any apps etc to use it. Every other system use somekind of extra steps which Apple Pay takes away, that's why it's so popular and fastest way to pay your stuff, there also isn't limit how much you can spend.
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- AkR
- D02
- 24 Jun 2023
Ki124, 23 Jun 2023"Currently, all payment methods in the country work at... moreThought the same
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- Anim
- 7k9
- 24 Jun 2023
UPI works great. Unless Apple offers cashbacks or discount coupons I don’t see a reason to use it over any other UPI app
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- Shijith
- 04Z
- 24 Jun 2023
Bringing tap and pay like Samsung pay, will bring new customers to Apple.
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- Anonymous
- XSN
- 24 Jun 2023
Insignificant news as it is just another UPI app. Even WhatsApp has UPI functionality built in, in India. The real star here is UPI itself.
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- Anonymous
- YYX
- 24 Jun 2023
Ki124, 23 Jun 2023"Currently, all payment methods in the country work at... moreHow did you come to that bizarre conclusion? And what difference does it make if the writer didn’t mention it?
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- S
- xjH
- 24 Jun 2023
UPI works even on my grandma's less than 20$ phone NOKIA 105 (2017) but that phone can't scan QR codes as it don't have camera.
It can use UPI with *99# and send money to 1) mobile number linked with UPI, 2) account number using IFSC code, with transaction limit of Rs. 5000 per day.
So, i don't care about the apple pay news.
Only rich fools with get happy with after using apple pay.
One thing i don't like about UPI is - the registration process need debit card credentials.
And debit card attracts annual maintainance fees.
The UPI system should have eliminated the debit card registration process and included mobile number OTP based registration or something like that.
As having both debit card and UPI does not make sense on cost perspective.
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- Anim
- 7kb
- 23 Jun 2023
UPI works great. Unless Apple offers cashbacks or discount coupons I don’t see a reason to use it over any other UPI app
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- MG7
- bEJ
- 23 Jun 2023
-Trix-, 23 Jun 2023I got Apple pay like 5-6 years ago and it changed everythin... moreUPI works similarly. I don't use any other method than this. It's quick, reliable and easiest.