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| Exchange Received Time 06/04/2018 14:48:25 Exchange Disseminated Time 06/04/2018 14:48:32 Time Taken 00:00:07 | IndusInd Bank today announced collaboration with Samsung Electronics to enable its MasterCard and Visa Credit Card customers to use 'Samsung Pay'. IndusInd credit card holders can now 'tap and pay' at merchant outlets having Point of Sale (PoS) terminals using a wide range of Samsung Smartphones.
Samsung Pay is a revolutionary payments system, which is 'Simple, Secure and accepted Almost Everywhere'. Samsung Pay allows customers to simply tap and 'pay on the go' using their registered IndusInd Bank Credit Cards. Samsung Pay works with patented Magnetic Secure Transmission (MST) technology as well as Near Field Communication (NFC) and hence can be used seamlessly at around 3.1 million Point of Sale (PoS) card machines across the country.
As a part of the launch and customer engagement strategy, IndusInd Bank Credit Card customers who have an eligible Samsung device can get 100% Cashback on their first 3 transactions till April 30, 2018.
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