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Axis Bank CEO: Apple Pay Tie-Up a "Milestone" for Digital Payments in India
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Moneycontrol•01-10-2026, 08:40
Axis Bank CEO: Apple Pay Tie-Up a "Milestone" for Digital Payments in India
- •Axis Bank CEO Amitabh Chaudhry hails the Apple Pay partnership as a significant milestone, making Axis Bank the first in India to offer the digital wallet.
- •The collaboration, effective October 1, provides Axis Bank with a first-mover advantage in India's evolving digital payment landscape.
- •Chaudhry emphasizes the partnership strengthens Axis Bank's premium and affluent retail segment offerings, aligning with customer preferences for secure, intuitive payments.
- •The bank anticipates significant potential for Apple Pay adoption, particularly among digitally engaged customers and those in premium segments.
- •Apple Pay is expected to accelerate the adoption of contactless and device-led payments, reinforcing Axis Bank's position as a leading digital bank.
Key Questions Answered
Axis Bank is the first banking partner to launch Apple Pay in India, marking an important milestone for the lender.
Eligible Axis Bank credit cards on supported Mastercard and Visa networks can be used with Apple Pay.
The Reserve Bank of India (RBI) allowed biometric authentication for card payments last year, enabling Apple Pay to work with Indian cards via Face ID and Touch ID.
