IndusInd Bank to roll out battery-powered payment cards

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.