Samsung launches credit card in India

Samsung has launched two credit cards in India, entering a crowded category that sees over 50 companies fiercely compete for consumers’ attention in the world’s second largest internet market.
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. Consumers buying Samsung’s products and services through either of the cards will get a 10% cashback “round the year,” the company executives said at an event in New Delhi.
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