Why Did Apple Stop Accepting Card Payments in India?
Discover why Apple removed card payments in India due to RBI regulations. Learn about the new payment methods available.
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Apple removed card payments in India due to new Reserve Bank of India (RBI) regulations that require businesses to store card details in compliance with enhanced security standards. This impacted various companies as they had to either adhere to these stringent guidelines or remove card-based payment methods. Users can now use UPI, net banking, or debit cards for their payments.
FAQs & Answers
- What are the new payment methods available for Apple users in India? Apple users in India can now use UPI, net banking, and debit cards for transactions.
- What did the RBI regulations change for card payments? The RBI regulations require businesses to store card details with enhanced security, leading to the removal of card payments by some companies.