Apple Pay has finally launched in India, giving iPhone, iPad and Apple Watch users a new way to make card payments without entering a PIN or OTP at checkout.&nbsp;Apple says customers with eligible Axis Bank-issued Visa and Mastercard credit cards can add their cards to Apple Pay and use them at thousands of merchants across India, as well as anywhere that accepts NFC payments. The service is also designed to work for purchases in apps and on websites. Support for Mac is coming soon, according to Apple.&nbsp;For iPhone users, setting up Apple Pay starts in the Wallet app and takes only a few steps.<h2>How to set up Apple Pay on iPhone in India</h2>To add an eligible Axis Bank credit card to Apple Pay:Open the Wallet app on your compatible iPhone.Tap the + button in the top-right corner.Select Debit or Credit Card.Place your eligible Axis Bank card against the back of the iPhone to scan it.You can alternatively choose Enter Card Details Manually.Enter your name, card number, expiry date and security code.Tap Continue.Follow the verification instructions shown on your iPhone.Once verification is completed, the card will appear in Apple Wallet.&nbsp;The card must be eligible for Apple Pay. The information provided here specifically covers Axis Bank-issued Visa and Mastercard credit cards announced for the launch.&nbsp;<h2>How Apple Pay keeps card details secure</h2>Apple says your actual card number is not stored on the iPhone or on Apple’s servers, and it is not sent to merchants. Instead, Apple Pay creates a unique Device Account Number. It is encrypted and stored in the iPhone’s Secure Element, a dedicated chip designed to protect payment information. Apple also says it does not retain transaction information that can be used to identify a user. If an iPhone is lost or stolen, users can lock the device and prevent Apple Pay transactions from being made from it.&nbsp;<h2>How to use Apple Pay in India</h2>Once an eligible card has been added and verified, users can use Apple Pay at compatible contactless payment terminals.&nbsp;The main advantage is convenience: instead of repeatedly entering card information or using an additional payment app, users can authenticate and pay using their Apple device. Apple Vice President of Apple Pay and Apple Wallet Jennifer Bailey said the service is designed to make everyday card payments “easy, secure, and private”. Apple Pay’s arrival gives Indian users another option for contactless card payments, while Apple gets a much deeper role in everyday transactions on its devices.

Apple Pay is now available in India for iPhone, iPad and Apple Watch. Eligible Axis Bank Visa and Mastercard credit cards can be added to Apple Wallet and used for contactless payments in stores, apps and online, with Mac support coming soon.

Apple Pay has finally launched in India, giving iPhone, iPad and Apple Watch users a new way to make card payments without entering a PIN or OTP at checkout. Apple says customers with eligible Axis Bank-issued Visa and Mastercard credit cards can add their cards to Apple Pay and use them at thousands of merchants across India, as well as anywhere that accepts NFC payments. The service is also designed to work for purchases in apps and on websites. Support for Mac is coming soon, according to Apple. For iPhone users, setting up Apple Pay starts in the Wallet app and takes only a few steps. How to set up Apple Pay on iPhone in India To add an eligible Axis Bank credit card to Apple Pay: Open the Wallet app on your compatible iPhone. Tap the + button in the top-right corner. Select Debit or Credit Card. Place your eligible Axis Bank card against the back of the iPhone to scan it. You can alternatively choose Enter Card Details Manually. Enter your name, card number, expiry date and security code. Tap Continue. Follow the verification instructions shown on your iPhone. Once verification is completed, the card will appear in Apple Wallet. The card must be eligible for Apple Pay. The information provided here specifically covers Axis Bank-issued Visa and Mastercard credit cards announced for the launch. How Apple Pay keeps card details secure Apple says your actual card number is not stored on the iPhone or on Apple’s servers, and it is not sent to merchants. Instead, Apple Pay creates a unique Device Account Number. It is encrypted and stored in the iPhone’s Secure Element, a dedicated chip designed to protect payment information. Apple also says it does not retain transaction information that can be used to identify a user. If an iPhone is lost or stolen, users can lock the device and prevent Apple Pay transactions from being made from it. How to use Apple Pay in India Once an eligible card has been added and verified, users can use Apple Pay at compatible contactless payment terminals. The main advantage is convenience: instead of repeatedly entering card information or using an additional payment app, users can authenticate and pay using their Apple device. Apple Vice President of Apple Pay and Apple Wallet Jennifer Bailey said the service is designed to make everyday card payments “easy, secure, and private”. Apple Pay’s arrival gives Indian users another option for contactless card payments, while Apple gets a much deeper role in everyday transactions on its devices.

Apple Pay is now available in India for iPhone, iPad and Apple Watch. Eligible Axis Bank Visa and Mastercard credit cards can be added to Apple Wallet and used for contactless payments in stores, apps and online, with Mac support coming soon.

Apple Pay on iPhone in India: How to set up and use it

Apple faces a possible hefty fine and may have to open its mobile payment system to competitors after EU antitrust regulators charged the iPhone maker with restricting rivals' access to its technology used for mobile wallets.

EU slams Apple for restricting pay system access

Apple Inc rolled out its virtual credit card on Tuesday, working with bank Goldman Sachs Group Inc on the new iPhone add-on that may help Apple diversify from device sales and build out the Wall Street bank's new consumer business.

Apple announced the card in March, aiming to draw in iPhone owners by offering a card with 2% cashback on purchases with the Apple Pay service, no fees, an app to manage related finances, and a focus on data privacy.

For Goldman, the issuing bank, the card builds on a foray into its Marcus consumer banking brand, started in 2015.

Apple said a limited number of consumers who expressed interest in the card will start to receive sign-up invitations on Tuesday.

The card is designed to work with the iPhone, where users sign up for the card and can start using it immediately if approved via the Apple Wallet app and Apple Pay system.

Apple offers an option for a physical card made of titanium, but the physical card has no visible number. Instead, the card's number is stored in a secure chip inside the iPhone, which generates virtual numbers for online or over-the-phone purchases requiring a number.

Apple has focused on privacy, saying that purchase information is stored on the user's iPhone and that it cannot see the information.&nbsp;

Goldman will not be allowed to use data for marketing purposes, even for selling other Goldman products.

Gene Munster, managing partner with Loup Ventures and a longtime Apple watcher, said Apple Card adoption is likely to be low in the first year, but that Apple Card could generate about $1.4 billion of high-margin revenue by 2023, adding about 1.8% to Apple's overall earnings and complementing the much larger Apple Pay business for total payments revenue of $5.38 billion by 2023. Apple has roughly 50 million US Apple Pay users now.

But at Apple's size - $265.6 billion in sales for fiscal 2018 - the revenue matters less than the effect on keeping Apple customers tied to its brand, analysts said, said Ben Bajarin, an analyst at Creative Strategies. 
"If it works, it's one more thing that causes you to stay deeply loyal and entrenched in the Apple ecosystem, even if something better comes along," he said

Apple Inc rolled out its virtual credit card on Tuesday, working with bank Goldman Sachs Group Inc on the new iPhone add-on that may help Apple diversify from device sales and build out the Wall Street bank's new consumer business.

Apple Inc rolled out its virtual credit card on Tuesday, working with bank Goldman Sachs Group Inc on the new iPhone add-on that may help Apple diversify from device sales and build out the Wall Street bank's new consumer business. Apple announced the card in March, aiming to draw in iPhone owners by offering a card with 2% cashback on purchases with the Apple Pay service, no fees, an app to manage related finances, and a focus on data privacy. For Goldman, the issuing bank, the card builds on a foray into its Marcus consumer banking brand, started in 2015. Apple said a limited number of consumers who expressed interest in the card will start to receive sign-up invitations on Tuesday. The card is designed to work with the iPhone, where users sign up for the card and can start using it immediately if approved via the Apple Wallet app and Apple Pay system. Apple offers an option for a physical card made of titanium, but the physical card has no visible number. Instead, the card's number is stored in a secure chip inside the iPhone, which generates virtual numbers for online or over-the-phone purchases requiring a number. Apple has focused on privacy, saying that purchase information is stored on the user's iPhone and that it cannot see the information. Goldman will not be allowed to use data for marketing purposes, even for selling other Goldman products. Gene Munster, managing partner with Loup Ventures and a longtime Apple watcher, said Apple Card adoption is likely to be low in the first year, but that Apple Card could generate about $1.4 billion of high-margin revenue by 2023, adding about 1.8% to Apple's overall earnings and complementing the much larger Apple Pay business for total payments revenue of $5.38 billion by 2023. Apple has roughly 50 million US Apple Pay users now. But at Apple's size - $265.6 billion in sales for fiscal 2018 - the revenue matters less than the effect on keeping Apple customers tied to its brand, analysts said, said Ben Bajarin, an analyst at Creative Strategies. "If it works, it's one more thing that causes you to stay deeply loyal and entrenched in the Apple ecosystem, even if something better comes along," he said

Apple, Goldman Sachs start issuing Apple Cards to consumers

apple-wallet

Apple Wallet, News on Apple Wallet, stories on Apple Wallet, articles on Apple Wallet, Apple Wallet stories at Wion, Apple Wallet news, Apple Wallet latest news

apple wallet

Apple Pay on iPhone in India: How to set up and use it

EU slams Apple for restricting pay system access

Apple, Goldman Sachs start issuing Apple Cards to consumers