Apple Pay will not be Launch in India, Know Why?

Hi Guys! Today in this post I am going to tell you why Apple Pay will not launch in India in the coming months.

America's Giant Apple's 'Apple Pay' services are available in Australia, Canada, Mainland, China, France, Hong Kong, Ireland, Italy, Japan, New Zealand, Russia, Singapore, Spain, Switzerland, UK, USA and Taiwan.

Why did Apple took this decision?

Some media reports say that the Apple Company has already postponed the launch of this service in India. If news is to be believed then Apple will not launch this service in India unless it sees what changes India has made in the rules related to Digital Payment. Earlier, Amazon and WhatsApp also postponed the launch of its Digital Payment Service for these reasons in India.

Apple Pay will not Launch in India due to these 2 Reasons

• Store the Data in India

In April, this year RBI had instructed all Indian Digital Wallet and Finance Companies to store Indian Users Data in India. At that time, about $ 2 Trillion Digital Transactions were taking place in India. The RBI said in its statement that 'all payment system operators will ensure that the data relating to online transactions being done by there platform will be stored in India'. "In August this year, the government introduced a Cloud Computing Policy Under which all Internet and Digital Companies were asked to store data in India". This is the biggest reason that Apple is not launching Apple Pay in India because they can not currently store data in India. That's because they does not have any data center here.

• Pinless Transactions are not allowed

The second biggest reason is the Pinless Payment. NPCI has not allowed Pinless Payment System of Apple Pay. Apple Pay uses the Pinless Payment System, which does not require a PIN and OTP. Through this, payment is made only through fingerprint. While NPCI has issued instructions to verify the payment, a PIN of 4 to 6 digits must be required. At present, NPCI is not allowing access to biometric access.

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