After Facebook, Apples plan to introduce Apple Pay in India stalls: Report

Apple’s plans to introduce its UPI-based payments platform ‘Apple Pay’ seem to have hit a brick wall. According to a report in The Economic Times, the reason for this is that the Reserve Bank of India’s (RBI) recently laid out rules which make it mandatory for any company, who wishes to introduce payment service in India, to save all the related data on local servers in the country. Citing people with the knowledge of the matter, the national daily reported that apart from Apple and Facebook, Amazon has also stalled the full rollout of its service, Amazon Pay. Google, which recently renamed its UPI-based service ‘Tez’ to ‘Google Pay’, is also reported to be “assessing the evolving situation around data localisation.” With the rules in place, other players like Facebook, Mastercard, Visa, and PayPal are also uncertain of going ahead with their plans. “Apple put the brakes on introducing Apple Pay in the country despite holding discussions with a few leading banks and the National Payments Corporation of India, which manages the UPI platform,” ET said. “The main worry for Apple is the Reserve Bank of India’s recent data localisation rule and the company also ran into technical and design hurdles related to the flow of payments on UPI. Apple will not launch payments in India yet. They are waiting to see how the regulatory landscape shapes up,” one of their sources was quoted as saying. Apple has been going through a rough patch in India lately. It saw a rejig in its top brass in the country which saw three of its top executives quit the company. Apple only has a 2 percent market share in India and sold just 3.2 million iPhones in 2017. In the first half of 2018, fewer than a million devices were moved. Flagship killer OnePlus 6 captured 40 percent of the Indian premium market share dethroning Samsung from the top spot and pushing the iPhone maker on the third spot in the last quarter.

from Latest Technology News https://ift.tt/2NXFWvR
via IFTTT

Comments

Post a Comment

Popular posts from this blog

20th Century Fox researchers create AI model to predict audience for a movie

Image
In a first, researchers from 20th Century Fox film studios have developed an Artificial Intelligence (AI)-powered model to predict what target audience will most likely see a movie. The prediction is done on the basis of the film’s trailer. Since video trailers are one of the most critical elements of marketing campaigns for new films, the model can provide an opportunity to filmmakers to make movies depending on the interests of general moviegoer population, easily communicate the plot of the movie to them, present the main characters, and reveal important hints about the story. This could also help them to understand what aspects of the movie the audience liked and what parts they did not. “These insights typically determine the strategy for the rest of the marketing campaign. In this paper we present a tool, which we call Merlin Video, that uses computer vision to create dense representations of the movie trailer, and uses those representations to predict customer behaviour. Movie
Read more

Alleged iPhone SE 2 leaked renders tip old design, single rear camera, Touch ID and more

Image
Apple is rumoured to launch the iPhone SE successor - tentatively called the iPhone SE 2 - in 2020. Now, alleged iPhone SE 2 renders have leaked online. The phone is supposed to pack flagship internals in a not-so-flagship level design. The first leak-based renders and 360-degree video of alleged iPhone SE 2 suggest that it will carry the design of iPhone 8, which means it will come with the Touch ID button. Further, the leaks reveal a single rear camera setup. The latest development comes courtesy of tipster @OnLeaks in collaboration with iGeeksBlog. At first glance, the iPhone SE 2 looks like the iPhone 8. However, there are said to be a few differentiating factors, both internally and externally, to distinguish between the two phones. On the exterior, the iPhone SE 2 is touted to come with a frosted glass finish similar to the one seen on iPhone 11 Pro. The leaked renders suggest that iPhone SE 2 will sport a stainless steel frame that looks like iPhone X’s frame.  iPhone SE 2 is
Read more