Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Apple Pay India


India Says No to Apple Pay

It will leave American skeptics wondering if there are serious security holes or flaws in Apple Pay. The refusal of American regulators to examine the technology, and America’s tech press to report honestly on Apple Pay might put many people at risk.

If you think this sounds paranoid. Ask yourself why are giant American retailers; like Walmart (NYSE: WMT) and Kroger (NYSE: KR), refusing to accept Apple Pay? What do the NPCI, the Reserve Bank of India, America’s largest retailer, and America’s largest standalone grocer know about Apple Pay that makes them scared of it. Perhaps Congress should put that question to Apple CEO Tim Cook.

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