Apple Stocks Slip as Apple Pay Launch Meets India's UPI Dominance

Apple's share price fell by approximately 1.5% on October 1, reaching $328.25 as the company launched Apple Pay in India with Axis Bank.

The rollout gives iPhone owners another reason to use Wallet, but entering a huge payments market is one thing, winning regular use is another.

India's Unified Payments Interface already handles approximately 84% of the country's digital payments, making it challenging for Apple to gain traction in the market.