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News

Samsung Pay, State Bank of India team up for mobile payments

Wednesday 2 August 2017 09:29 CET | News

The State Bank of India and Samsung India have announced the availability of payment platform Samsung Pay for higher variants of SBI debit Card.

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

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

Samsung Pay is available on a number of Samsung phones including the Galaxy S8, Galaxy S8+, Galaxy S7 Edge, Galaxy S7, Galaxy S6 Edge+, Galaxy Note 5, Galaxy A5 (2016 and 2017), Galaxy A7 (2016 and 2017) and the Galaxy A9 Pro. Samsung have also added Samsung Pay functionality on the Galaxy A9 Pro.


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Keywords: Samsung Pay, State Bank of India, mobile payments, contactless, eWallets
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce

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