Apple Pay Likely To Launch In India By October: Report

•Apple Pay likely to launch in India by late September or October.
•Service will initially support Visa and Mastercard credit cards, not UPI payments.
•Apple seeks 15-20 bps from card issuers, with some banks proposing 10 bps.
•Contactless payments will be supported through iPhones and Apple Watches at NFC-enabled terminals.