Apple Pay

This comes in the wake of Apple's decision to stop card payments in India on its App Store and for its iCloud services. The credit card could also see significant changes from the US model, where Apple takes control of the business. In India, banks control the credit card issuance and run the business.

Apple launches buy now, pay later service

Users can apply for loans between $50 and $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay, according to the company.

US FTC orders Mastercard to open debit services for competing payment providers

Mastercard has been ordered to provide competing payment networks access to debit card transcations

European Commission rules Apple Pay anticompetitive in hearing

The commission is of the view that Apple abused its dominant position for mobile wallets on iOS devices

Apple working to bring more financial services in-house

A multiyear plan would bring a wide range of financial tasks in-house, said the people, who asked not to be identified because the plans aren’t public. That includes payment processing, risk assessment for lending, fraud analysis, credit checks and additional customer-service functions such as the handling of disputes.

Coinbase to allow users to use card via Apple, Google wallets

The company said it will automatically convert all cryptocurrency to U.S. Dollars and transfer the funds to a customer's Coinbase Card for use in purchases and ATM withdrawals.

Apple Pay in EU antitrust spotlight as regulators seek details

In a questionnaire sent in August, the European Commission said it had information Apple may have restricted online payments for the purchase of goods and services made via merchant apps or websites, in breach of EU antitrust rules.

Wallet Wars | US, China fight it out. This time, it’s WhatsApp Pay vs Paytm

WhatsApp’s reach and acceptability in India are fine, but regulatory hurdles can make life hard for the Facebook firm

Comment | Apple finally starts romancing services

From entertainment to news to financial services, Apple goes for all. But, it has nothing for India right now.

Apple junks plan to launch UPI-based payments platform in India: Report

RBI’s data localisation rule, however, seems to be one of the major hurdles for most of the multinational companies including Mastercard, Visa, Amazon, WhatsApp and PayPal to launch a payment platform in India.

As iPhone sales stagnate, services promise growth for Apple

Apple's services business alone - which includes the App Store, Apple Pay and iCloud - will be "the size of a Fortune 100 company next year," Chief Executive Tim Cook said on a post-earnings call on Tuesday.

Samsung takes fight to Apple with mobile wallet strategy

For Apple, offering users the ability to tap their iPhones on sales terminals to buy a coffee, snack or train ticket is a fresh revenue stream, like its iTunes music and entertainment service. The banks it works with cough up a small charge for each transaction - reportedly 0.15 percent in the United States.

Tim Cook hobnobs with corporates, app developers, Bollywood

Apple CEO Tim Cook, who is on his maiden five-day visit to the country, on May 18 met the honchos of India Inc, leading bankers and the Bollywood royalty, and will inaugurate a development centre in Hyderabad on May 19 as the tech giant seeks to expand its India presence

Apple launches payments service in China

The world's second-largest economy is a crucial market for the California-based firm, and Apple Pay is available in only a handful of other countries including the United States, Britain, Canada and Australia.

Apple plans to launch Apple Pay in China by February: WSJ

The iPhone maker has struck deals recently with China's big four state-run banks, the newspaper reported late Monday, citing people familiar with the discussions.

JPMorgan Chase says it is building a rival to Apple Pay

The largest US bank is the latest company to try to profit from the prevalence of smartphones, which many financial executives believe will one day be consumers' preferred way to pay for everything from milk and eggs at the supermarket to a rental car at an airport.

Apple Pay growth slows a year after launch: Research

Fourteen percent of US households with credit cards had signed up for the payment option by the end of September, up from 11 percent in February, Phoenix Marketing International said at a payments conference in Las Vegas.

Did Apple's Tim Cook think differently enough?

The tech giant launched the iPhone 6 and iPhone 6 Plus, the Apple Watch and a new mobile payments system called Apple Pay.

Apple Pay in Asia? Don't put your money on it

Apple Pay in Asia? Don't put your money on it