The country’s largest private sector bank has received brickbats from consumers and the regulator for its clunky and outdated systems. It seems to have learnt a lesson.
Last month, when Apple chief executive Tim Cook visited India to launch the company’s first stores in the country, he also had another less-publicized item on his agenda: to meet HDFC Bank chief executive Sashidhar Jagdishan and discuss Apple’s fintech roadmap in India.
In the private meeting, the two chief executives, along with members of the private sector bank’s digital leadership team, are said to have discussed ideas around a potential launch of the much-anticipated Apple Pay service in the country, according to an industry executive in the know, who requested anonymity.
“I’m not at all surprised that the only …
Ashwin covered fintech and banking at The Morning Context. Previously, he was at The Economic Times, where he worked across the finance, tech and startup verticals, breaking stories related to India’s banking system, startups in the new economy, digital payments, insurance and cryptocurrencies.
Writer
ashwin@mailtmc.com
Delhi