Posted on Thursday, July 5th, 2018 | By IndusInd Bank

Mumbai, April 06, 2018, Friday:IndusInd Bank today announced collaboration with Samsung Electronics to
enable its MasterCard and Visa Credit Card customers to use 'Samsung Pay'. IndusInd credit card holders can
now 'tap and pay' at merchant outlets having Point of Sale (PoS) terminals using a wide range of Samsung
Smartphones.

Samsung Pay is a revolutionary payments system, which is 'Simple, Secure and accepted Almost Everywhere'.
Samsung Pay allows customers to simply tap and 'pay on the go' using their registered IndusInd Bank Credit
Cards. Samsung Pay works with patented Magnetic Secure Transmission (MST) technology as well as Near
Field Communication (NFC) and hence can be used seamlessly at around 3.1 million Point of Sale (PoS) card
machines across the country.

As a part of the launch and customer engagement strategy, IndusInd Bank Credit Card customers who have an
eligible Samsung device can get 100% Cashback on their first 3 transactions till April 30, 2018.

Mr. Anil Ramachandran - Head, Marketing & Corp Communication and Retail Unsecured Assets at IndusInd
Bank said, 'IndusInd Bank has always been at the forefront of responsive / digital innovations. The coming
together of Samsung, which is one of the world's most trusted Smartphone companies with IndusInd Bank has
created huge convenience for our customers. Enhancing customer convenience is an integral part of our
business mantra, and this is a definitive step in that direction.

Mr. Sanjay Razdan, Senior Director, Samsung India, said, 'Samsung Pay, loved by millions of customers, just
turned a year-old in India. Samsung Pay is simple, secure and its biggest USP is that it is accepted almost
everywhere a user can tap or swipe physical cards. Samsung Pay gives freedom to customers to leave their
physical Credit and Debit cards at home and make payments almost everywhere. Samsung Pay is highly secure
platform as it works with three levels of security-fingerprint authentication, card tokenization and Samsung
KNOX. Our partnership will enable IndusInd Bank customers to make seamless digital payments in a more
secured manner.'

About IndusInd Bank

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate
customers. Its technology platform supports multi-channel delivery capabilities. As on December 31,
2017, IndusInd Bank has 1320 branches, and 2162 ATMs spread across 702 geographical locations of
the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank
believes in driving its business through technology. It enjoys clearing bank status for both major
stock exchanges - BSE and NSE - and major commodity exchanges in the country, including MCX, NCDEX, and
NMCE. IndusInd Bank on April 1, 2013 was included in the NIFTY 50 benchmark index. In the recently released
Kantar Millward Brown's BRANDZ Top 50 most valuable Indian Brands 2017 report, IndusInd Bank has retained
its 12th position and has been ranked No.6 amongst banks as per the Top 50 Indian Brands.

Ratings:

  • CRISIL AA + for Infra Bonds program
  • CRISIL AA for Additional Tier I Bonds program
  • CRISIL A1+ for certificate of deposit program
  • IND AA+ for Senior bonds program by India Ratings and Research
  • IND AA for Additional Tier I Bonds program by India Ratings and Research
  • IND A1+ for Short Term Debt Instruments by India Ratings and Research

Visit us at www.indusind.com

Twitter - @MyIndusIndBank

Facebook - https://www.facebook.com/OfficialIndusIndBankPage/

About Samsung Electronics Co. Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems and memory, system LSI, foundry and LED solutions. For latest news on Samsung India, please visit Samsung India Newsroom at http://news.samsung.com/in For Hindi, log on to Samsung Newsroom Bharat at https://news.samsung.com/bharat You can also follow us on Twitter @SamsungNewsIN

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IndusInd Bank Limited published this content on 05 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 July 2018 11:18:02 UTC