04 August, 2017
The company also claims that Samsung Pay won't be supported with Maestro cards, and that support should arrive by December 2018, after all the cards are replaced.
According to the report, Samsung Pay now works on 2.5 million point of sales (POS) machines.
South Korean tech giant announced during an event in Mumbai that its Samsung Pay payment platform will now be available for holders of higher variants of SBI debit cards.
A good news for Samsung Pay users in India.
Samsung Galaxy J7 Pro is now officially available in India through the company's official online store as well as Amazon India. "The tie-up with Samsung Pay is one such initiative which will give our customers an additional reason to go digital".
As for the specifications, the smartphone comes with a 5.5-inch Super AMOLED display with 1920 x 1080 pixel resolution.
The highly rumored Samsung Galaxy C7 (2017) has been hitting the headlines lately for its imminent launch. "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. The owners of SBI debit cards will be able to get a Rs 100 cashback on a minimum purchase of Rs 500.
According to Rajnish Kumar, managing director at SBI, the bank has 270 million active debit cardholders, of which 130 million cardholders will be immediately eligible to make payments through Samsung Pay.
Samsung's MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader.
The extension of Samsung Pay shows that India is actively embracing technological advancements.
