Apple Eyes Partnership with HDFC Bank for Launching Apple Card in India

26 Jun 2023 , 01:52 PM

Apple Inc, aiming to capitalize on the expanding opportunities in India’s financial sector, is reportedly preparing to launch its renowned credit card, Apple Card, in the country. According to sources cited by Moneycontrol, the tech giant is in talks with HDFC Bank to bring its credit card offering to Indian customers.

During the opening of Apple stores in India, CEO Tim Cook allegedly met with HDFC Bank CEO and MD Sashidhar Jagdishan in April, as per anonymous sources. Discussions in Early Stages for Apple Card Launch in India, No Final Decisions Reached Yet.

Apple Engages in Discussions with Reserve Bank of India (RBI) for Legal Considerations of Apple Card Launch in India. The RBI has made it clear that Apple must follow the regular procedures set for other co-branded credit cards and that no special concessions will be granted.

As per sources, there have been no official statements from Apple, HDFC Bank, or the RBI regarding the potential partnership and launch of Apple Card in India.

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