Apple is currently not having such a happy time in India, such as lower sales and market share, ban on iPhones, increased import duties, legal requirements hindering the opening of the Apple Store.
According to the latest report, the new legislation says the company was forced to put the planned Apple Pay rollout on hold.
It is almost a year since Eddy Cue promised Apple Pay to come to India. He later said that the company did not want a release date until 100% sure, but now it looks like a very clever decision.
Economic time Apple currently lists two sources of information that this plan must be put on hold.
Despite continuing consultation with several major banks, Apple braced the introduction of Apple Pay. Also, India's National Payments Corporation (NPCI), which manages the UPI (Unified Payments Interface) platform,
Apple's main concern is that the Reserve Bank of India's recent data localization rules […] Companies need to store all payment data only in India.
But reportedly there are more fundamental problems. Apple Pay is authenticated by either Touch ID or Face ID and NCPI does not accept it.
UPI requires the customer to enter a 6-digit or 4-digit number to authenticate the transaction […] NCPI does not allow biometrics collected by the device as authentication mode.
The same problem is causing similar headaches in Google, MasterCard, Visa, Amazon, WhatsApp, PayPal.
China is the second largest smartphone market in the world, last year it surpassed the United States and succeeded, it is indispensable for future growth.