Apple reportedly in talks to bring Apple Card, Apple Pay to India
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The Apple (NASDAQ:AAPL) Card has had some success in the U.S. and now the tech giant may be looking to bring the branded credit card to its first foreign country: India.
Apple (AAPL) is reportedly in talks with India's HDFC Bank to launch the card in the world's most populous country, Moneycontrol reported, citing two sources familiar with the matter. The tech giant has also reportedly spoken to the Reserve Bank of India about the card, the news outlet reported.
Cupertino, California-based Apple (AAPL) may also bring Apple Pay to the country as it holds discussions with the National Payments Corporation of India, the news outlet also reported.
Apple CEO Tim Cook met with HDFC Bank's CEO and MD Sashidhar Jagdishan during his trip to the country in April, the news outlet noted. During the trip, Cook oversaw the opening of Apple's two first retail stores in the country in Mumbai and Delhi.
On the company's earnings call, Cook said he was "very bullish" on China as it generated $6B in revenue in the country over the past year, up 50% year-over-year. 
The company and its manufacturing partners have been expanding their operations in India in recent months and the country's deputy technology minister said in April that he believed Apple (AAPL) could triple its investment in India in the coming years.
Apple (AAPL) did not immediately respond to a request for comment from Seeking Alpha.
Via a partnership with Goldman Sachs (GS), Apple's (AAPL) credit card is currently only available in the U.S. and runs on Mastercard's (MA) network. It has no annual fee and provides 2%-3% cash back for purchases made via Apple Pay and 1% for using the physical card.
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