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.
The South Korean giant says 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 10% cash back around the year.
Samsung, the second largest smartphone vendor in India, says it will also offer customers exciting financing options on credit cards.