IndusInd Bank customers can now use Samsung Pay. The bank has tied up with Samsung Electronics in this regard so that the bank’s customers holding MasterCard and Visa credit cards to use Samsung Pay. Samsung Pay allows customers to simply tap and ‘pay on the go’ using their registered credit cards. Samsung Pay works on Magnetic Secure Transmission (MST) technology as well as Near Field Communication (NFC) and hence can be used seamlessly at around 3.1 million PoS machines in India. Anil Ramachandran – head, Marketing & Corp Communication and Retail Unsecured Assets at IndusInd Bank said the bank has always been at the forefront of responsive / digital innovations and the coming together of Samsung and the bank has created huge convenience for our customers. Sanjay Razdan, senior director, Samsung India, said Samsung Pay is a highly secure platform as it works with three levels of security—fingerprint authentication, card tokenization and Samsung KNOX. The partnership will enable IndusInd Bank customers to make seamless digital payments in a more secured manner, he added.
