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Mobile Payments

Apple has launched Apple Pay in India for eligible Axis Bank Visa and Mastercard credit card users across iPhone, iPad and Apple Watch.

PhonePe surpasses 700 million users, reflecting rapid growth and rising adoption of digital payments across India’s financial ecosystem.

Transactions on the UPI hit an all-time high in May, reaching 18.68 billion in volume and ₹25.14 trillion in value.