Apple has become the latest global technology behemoth to show interest in India's fast-growing mobile payments space as the country is making a serious attempt at becoming a 'cashless economy'.
With a focus on mobile payments, the sector has already seen the entry of Google, while Facebook and its subsidiary WhatsApp are in advanced stages of building their own solutions. Chinese giant Alibaba also enjoys a huge presence through Paytm, the country's largest digital payments provider, while Tencent too is looking for avenues for investments.
In an interview with Economic Times, Apple's SVP for Internet Software and Services, Eddy Cue,

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