The cards are especially aimed at serving consumers in smaller Indian cities and towns, the executives said.Įven as the space Samsung is entering is crowded, the opportunity is undoubtably large. Samsung, the second largest smartphone vendor in India, said it will also offer customers “exciting” financing options on the credit cards.
The cash back is capped yearly at 10,000 Indian rupees on the Signature card, and 20,000 Indian rupees on Infinite card.) (There is a monthly cap of 2,500 Indian rupees on the Signature card, whereas the Infinite card extends that limit by four times. Consumers buying Samsung’s products and services through either of the cards will get 10% cash back “round the year,” the company executives said at an event in New Delhi.
The South Korean giant said it has partnered with the Mumbai-headquartered Axis Bank and global payments processor Visa to launch the cards, which it is calling the Samsung Axis Bank Credit Card. Samsung has launched two credit cards in India, entering a crowded category that sees more than 50 companies fiercely compete for consumers’ attention in the world’s second largest internet market.
0 kommentar(er)
