Kotak Bank ties up with Samsung Pay
18 Oct 2017 9:56 PM IST
Mumbai: Private sector lender Kotak Mahindra Bank on Wednesday said its credit and debit card holders will be able to tap and pay using smartphones at merchant establishments.
The city-based lender has tied up with Samsung, under which its cardholders will be able to tap and pay using smartphones of the Korean electronics major having the Samsung Pay acceptance machines, a bank statement said.
Samsung Pay works on 2.9 million points-of-ale card machines across the country and as part of the tie-up, Samsung Pay will further strengthen Kotak's digital savings account product by enabling a virtual debit card for contactless payments, it said. PTI AA IDFC Bank to enter key metros
Mumbai: Private sector lender IDFC Bank has said it is targeting to open more branches in the metros in the coming time for a better balance its geographical spread. Only 17 of the lender's 100 branches are in the metro cities at present, it said in a statement.
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