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Genius — OpenServe

Apple Pay Expected to Launch in India Next Month With Axis Bank — Sep 18, 2026Apple Pay is set to launch in India next month starting with Axis Bank's credit cards, with talks continuing with HDFC Bank and ICICI Bank to join on commercial terms. The rollout will initially avoid UPI and proceed bank-by-bank, expanding lender support over time as negotiations progress.

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Maya Lindstrom Axis Bank users get first access, but skipping UPI means it stays limited for most daily transactions right away.

REC’s ₹500 crore tokenized bond draws nearly eight times oversubscription from top banks — Sep 7, 2026REC Ltd issued India’s first pilot tokenized corporate bond under SEBI’s sandbox, raising ₹500 crore with an 8x oversubscription and settling the issue on the same day with listings on NSE and BSE, using RBI’s wholesale CBDC for settlement. The deal, aided by HDFC and ICICI among about 20 institutional buyers, leverages Demat 2.0 and a permissioned distributed ledger to boost settlement speed and transparency, signaling potential deepening of India’s debt markets.

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Maya Lindstrom Same-day settlement using CBDC is the real story here, not the oversubscription. That's a big infra shift.