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Now, you can make payments with SBI debit cards via Samsung Pay

SBI debit card users can also avail introductory cashback benefits up to Rs 500

IANS  |  Mumbai 

Samsung Pay, SBI debit cards
L to R - Manju Agarwal, DMD, Digital Banking & New Banking, SBI, Rajnish Kumar, MD, National Banking Group, State Bank of India and Asim Warsi, Senior Vice President, Mobile Business, Samsung India at a press conference. Photo: Kamlesh Pednekar

The (SBI) and Samsung India on Tuesday announced the availability of platform for higher variants of

This will allow holders to make payments using Samsung smartphones at Point of Sale (PoS) card machines at merchant outlets.

"Both Samsung and SBI are household names in India and it is a momentous occasion for us to collaborate on and extend an innovative solution that is transforming people's lives worldwide," said Asim Warsi, Senior Vice President, Mobile Business, Samsung India.

users can also avail introductory cashback benefits up to Rs 500.

"We are committed to increasing the share of digital initiatives in products, services and transactions. Tie-up with is one such initiative which will give our customers an additional reason to go digital," said Rajnish Kumar, MD, National Banking Group, SBI.

uses Magnetic Secure Transmission (MST) technology, enabling consumers to make offline payments using Samsung smartphones without the need for a physical Card.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, August 01 2017. 17:34 IST
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