State Bank of India and Samsung India has announced
the availability of Samsung Pay for higher variants of SBI Debit Card. With
this collaboration, ~130 million SBI Debit Cardholders will be able to tap and
pay using a wide range of Samsung smartphones at merchant outlets having Card
acceptance machines.
Samsung Pay works on 2.5 million Point of Sale
(PoS) Card machines across the country through its revolutionary Magnetic
Secure Transmission (MST) technology. Samsung Pay is currently available on a wide
range of Samsung smartphones, enabling consumers to make offline payments
without the need for a physical Card.
The coming together of Samsung - the world’s
biggest smartphones company and SBI - India’s biggest bank creates convenience
for millions of consumers and provides a major boost to Government of India’s
Digital India initiative.
“Both Samsung and SBI are household names in
India, and it is a momentous occasion for us to collaborate on Samsung Pay and
extend an innovative solution that is transforming people’s lives worldwide.
Samsung Pay, with its many ‘Make for India’ innovations, is revolutionising the
way people carry out their day-to-day payments & transactions. To help more
consumers avail of our innovative payment system, we have also introduced
Samsung Pay to our mid-segment smartphones like Galaxy J7 Pro. We recently
introduced Samsung Pay Mini to cater to the unique requirements of mid-segment
consumers too,” Asim Warsi, Senior Vice President, Mobile Business,
Samsung India, said.
Rajnish Kumar, MD, National Banking Group, SBI said, “Bank aims to be the Banker to Digital India and
has been at the fore-front of all digital initiatives in the 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.’’
Samsung Pay, launched in India this year, has
already received overwhelming response from consumers, who have instantly
fallen in love with its Simple, Secure & Everywhere proposition. Samsung
Pay comes with Samsung KNOX, Samsung’s defence-grade security system that is
designed to keep consumers’ transactions safe.
Available on Galaxy J7 Pro
Samsung Pay will also be available on the
newly-launched Samsung Galaxy J7 Pro smartphone, which comes with superior
specs - 5.5” FHD sAMOLED display, 13MP + 13MP camera configurations and a
stylish metal unibody design. The availability of Samsung Pay on Galaxy J7 Pro
smartphone will increase its adoption as Galaxy J7 Pro is the most affordable
smartphone in Samsung’s smartphone range with Samsung Pay functionality.
Galaxy J series is India’s most popular
smartphone series, accounting for one in four smartphones sold in the country.
Galaxy J7 Pro is now available across retail channels at INR 20,900.
Samsung Pay is also available on: Galaxy S8,
Galaxy S8+, Galaxy S7 edge, Galaxy S7, Galaxy Note 5, Galaxy S6 edge+, Galaxy
A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017), Galaxy A7 (2017) and Galaxy A9
Pro.
SBI Debit Card - Samsung Pay Offer
Samsung Pay consumers holding eligible SBI Debit
Cards can avail a flat INR 100 cashback on minimum transaction amount of INR
500. The cardholder can avail maximum cashback of INR 500 per Card, during the
offer period i.e., from August 01, 2017 till August 31, 2017.
Samsung Pay
Samsung Pay is a complete payments platform.
Apart from cards, Samsung Pay users can also make fast and secure UPI payments
through P2P money transfers and also QR code scan and online payments wherever
UPI payments are accepted. Consumers can add their SBI accounts and accounts of
all banks which are on UPI to Samsung Pay. Samsung Pay also supports wallet
payments - Paytm on Samsung Pay and Mobikwik and Paytm on Samsung Pay Mini,
which is designed to cater to the unique requirements of Indian mid-segment
consumers. Samsung Pay Mini provides a comprehensive platform for UPI and
e-wallets. Samsung Pay will continue to build and bring to market other payment
features going forward.
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