Apple Inc is planning to launch its credit card in India, also known as Apple Card. The iPhone maker is planning to tie up with HDFC bank to bring its credit card to its Indian customers. About the Apple Card is in its primitive stage and there has been no concrete decision taken till now. Other than holding discussions with the HDFC Bank CEO, Apple Inc executives have also held discussions with the Reserve Bank of India (RBI) related to the legalities of the card, found Monecontrol.
Apple was asked by the RBI to follow the regular procedure laid out for other co-branded credit cards. India’s central bank made it clear that there will be no special concessions made for the iPhone maker to bring its credit card to India.
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