to instantly read 150+ free stories & 250-word summaries of all our stories

Coming soon?

The Apple Pay rethink

The absence of a coherent NFC-enabled payment ecosystem could force Apple to look elsewhere: maybe, mobile wallets

22/02/17

Venkat Ananth

The lack of a coherent NFC-based payments ecosystem is thwarting Apple’s payment plans for India

Problems include lack of availability of NFC-enabled PoS terminals, low merchant awareness and poor issuance rates from banks

But Apple might be taking the wallet route to India, based on its learnings from China

With only 2% market share, its impact, if and when it arrives, remains to be seen

iphone-916387_1280.jpg

Want to read a free 200 word summary?

In May 2016, when Apple CEO Tim Cook visited India, he made a big ticket announcement that got the country’s fintech community buzzing. Cook said that Apple wanted to bring its mobile payments and digital wallet service—Apple Pay—to India. The announcement came following his meeting with ICICI Bank CEO Chanda Kochhar in Mumbai, where Cook…

To access this post, you must purchase Monthly Recurring, Quarterly or Weekly Product.

Read the full story. Subscribe now.

Why subscribe? Let us explain.

Already Registered?

Related stories

More stories in /Reportage & /Technology

See all in Reportage

This story is for subscribers only.
or

Read the full story. Subscribe now.

Why subscribe? Let us explain.

The selected story is available only for paid subscribers. Might want to change your mind!

Subscribe now

Already Registered?

Questions?

What is The Ken?

The Ken is a subscription-driven media site. We write one story a day (weekdays only). These stories have sharp, original insights on technology, business, science and healthcare from India.

Why do I have to sign up to read your stories?

Our stories are not free. Well, some select stories are. But, a significant part of what we write at The Ken is for subscribers only. We put in a lot of effort and resources in writing our stories and believe that you must pay for good journalism.
Hence, our three plans. 1) The annual membership
2) The free sign up
3) The recurring quarterly subscription

On journalism and why you should pay for it, if you haven’t already seen it, here’s a great explainer from John Oliver.

So, one must pay for journalism?

Yes.

How many stories will I get if I take an annual membership?

200+ stories.

And, in the free sign up?

Four stories every month.

Do I get a refund?

We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am not getting my daily emails. Do I have to whitelist emails from The Ken?

An added benefit of your subscription (free/paid) are the daily personalised emails. These emails, at times, might end up in your spam/junk folder due to emojis, attachments or images. In case you’re not receiving these emails, it might help to whitelist us. If the problem still persists, write to us at [email protected].

Why am I unable to access the archives?

Full and unrestricted access to our archives is a feature of our annual membership.

My payment is not going through, what can I do?

Please write to us at [email protected] detailing the payment error or queries.

See all FAQs

    See all results for Ken

    No results found for Ken.