Interactive Credit Card Current Affairs - 2019

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Nexxt Credit Card: IndusInd Bank launches first interactive Credit Card in India with buttons

IndusInd Bank has launched first interactive Credit Card in India with buttons called IndusInd Bank Nexxt Credit Card.  It will give customer multiple options on how to make a payment using his or her Credit Card. This Card has been created in partnership with Pittsburgh USA headquartered Dynamics Inc., which designs and manufactures intelligent, battery powered payment cards

Key Facts

This interactive Credit Card provides customers with flexibility of three payment options at Point of Sale (POS) terminal – Credit, Converting Transactions into EMIs with 4 tenure options (6, 12, 18 & 24 months) or using accumulated Reward Points, by simply pushing a button on the card.

It incorporates technology that indicates customer’s desired payment choice using LED lights associated with three options. Using it customer does not need to fill any paperwork, or call their bank or log in to any banking channel to convert their POS transactions into EMIs or to redeem their Rewards Points.

Month: Categories: Business, Economy & Banking

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