Kotak Mahindra Bank Ltd.

Private sector lender Kotak Mahindra Bank has tied up with Samsung Pay, under which its cardholders will be able to tap and pay using smartphones of the Korean electronics major, having the Samsung Pay acceptance machines.

Samsung Pay works on 2.9 million points-of-sale card machines across the country and as part of the tie-up, Samsung Pay will further strengthen Kotak’s digital savings account product by enabling a virtual debit card for contactless payments.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.