Samsung Pay a powerful payment method that embedded only in Samsung Phones now allows its users in India to tap and pay via their debit cards. Previous they only accepting the Credit Cards of all the major banks in India. This Samsung service will be available for higher variants of SBI Debit Card, offering 130 million State Bank of Bank customers an opportunity to tap and pay on the wide range of Samsung smartphones.
With this partnership, Samsung Pay consumers who have an eligible SBI debit card can get a flat cashback of INR 100 on a minimum transaction of INR 500 and the maximum cashback will be INR 500 per card between 1st August and 31st August 2017.
India is on Digital India Initiative which gives major preference to the latest technologies that implement in India. This partnership between the India’s largest bank and world’s largest smartphone maker will bring the millions of SBI users to move towards the Digital India Initiative.
“Both Samsung and SBI are household names in India, and it is a momentous occasion for us to collabrate on Samsung Pay and extend an innovative solution that is transforming people’s worldwide” Said Mr. Asim Warsi, Senior Vice President, Mobile Business, Samsung India
“Bank aims to be the Banker to Digital India and has been at the fore-front of all digital initiatives in thr banking space. We are committed towards increasing the share of digital initiatives in products, services and transactions, supported by technologically advanced backend operations. Tie-up with Samsung Pay is one such initiative which will give our customers an additional reason to go digital” said Mr. Rajnish Kumnar, MD, National Banking Group, SBI.
How Samsung Pay Works
Samsung is accepted everywhere where a physical card will work. To connect to Samsung Pay, you have to swipe your card on the Samsung Pay compatible mobile, select your card, authenticate using a fingerprint or PIN and bring the phone to the close to the PoS terminal. This payment service is highly secured as it has to undergo three types of Authentication.
Samsung Pay is available on Galaxy S8, Galaxy S8 Plus, Galaxy S7 Edge, Galaxy S7, Galaxy Note 5, Galaxy S6 edge plus, Galaxy A5(2016), Galaxy A7(2016), Galaxy A5(2017), Galaxy A7(2017) and Galaxy A9 pro.
source : Samsung Newsroom India