Apple in Talks With Banks to Start Payment Service in India [Yahoo! Finance]
ICICI Bank Limited (IBN)
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Source: Yahoo! Finance
The iPhone maker is in talks with ICICI Bank Ltd., HDFC Bank Ltd. and Axis Bank Ltd., as it aims to introduce its payment service in India around the middle of 2026, according to people with knowledge of the matter. The timeline remains fluid, but the talks indicate an approaching launch. Shares of incumbent Indian payments providers including Paytm declined. Most Read from Bloomberg LA's Bankrupt ‘Graffiti Towers' Finds Buyer for $470 Million An Insurance Expert Appraises the Safety Record of Self-Driving Cars Oslo Rebuilds Its Government Quarter with a New Focus: Openness New Tax Proposal Takes Aim at Thailand's Salty Food Obsession Apple is also discussing the plan with payment networks Mastercard Inc. and Visa Inc., said the people, who asked not to be named because the deliberations are private. Apple declined to comment, while representatives of the banks and payment networks didn't immediately respond to requests for comment. The planned launch marks another step
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IBN
Sec Filings
- 2/23/26 - Form 6-K
- 2/13/26 - Form 6-K
- 1/23/26 - Form 6-K
- IBN's page on the SEC website