SBI enables Samsung Pay for some of its debit cards

The move is aimed at expanding the advantages of digital payments to more users of Samsung smartphones in India. If you're thinking to buy it from the Samsung, you need to pay INR 20,990 ($327 approx).

Samsung Pay works by mimicking the "swiping" action of a credit or debit card by sending a magnetic pulse.

The South-Korean electronics giant claims to hold a very high potential in transforming the digital payments market in India as most of the traditional PoS machines in India are not NFC enabled. "The tie-up with Samsung Pay is one such initiative which will give our customers an additional reason to go digital". Samsung's store is selling the smartphone in Gold and Black colours while Amazon is selling only the Gold variant of the device now. Now, Samsung Pay option is also available for those with SBI Debit cards.

The handset comes with a 5.5-inch display sporting a resolution of 1920 by 1080 pixels with the processing handled by an octa-core Exynos 7870 chipset paired with 3GB of RAM, a 13-megapixel rear camera with f/1.7 aperture for photos and videos as well as a 13MP front-facing camera, 3,600 mAh battery and ships with Android 7.0 Nougat as its operating system out of the box.

Through MST, Samsung Pay will work seamlessly on a majority of PoS terminals in India.

As part of the introductory offer, they are rolling out Rs 100 cashback on a minimum purchase of Rs 500 using Samsung Pay. "We recently introduced Samsung Pay Mini to cater to the unique requirements of mid-segment consumers too", said senior vice president, mobile business, Samsung India, Asim Warsi.

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