Money & Banking

IndusInd Bank to roll out battery-powered payment cards

Our Bureau Mumbai | Updated on January 09, 2018 Published on January 09, 2018

IndusInd Bank and Dynamics Inc on Tuesday announced plans to introduce the first battery-powered, interactive payment cards in the Indian market in 2018.

The new IndusInd Bank card from Pennsylvania-based Dynamics, which designs and manufactures intelligent, battery-powered payment cards, has multiple buttons that let the consumer use a single card to pay in multiple ways. “With the touch of a button, consumers can select credit points or monthly instalments as payment option.

“A different colour light will activate based on the selected payment option,” IndusInd Bank said in a statement.

The solution requires no changes to the payment infrastructure or merchant systems. Consumers can pay using points or via instalment method wherever MasterCard is accepted.

Published on January 09, 2018
This article is closed for comments.
Please Email the Editor