SBI and Samsung collaborate to advance Digital India initiative

Posted on:03 Aug 2017 10:22:26
SBI and Samsung collaborate to advance Digital India initiative
03 August 2017 Current Affairs: The State Bank of India (SBI) and Samsung India announced the availability of Samsung Pay for higher variants of SBI debit card to advance Digital India.

It is currently available on Samsung smartphones. It enables consumers to make offline payments without the need for a physical Card.

It works on 2.5 million Point of Sale (POS) Card machines across the country through its Magnetic SecureTransmission (MST) technology.

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