SBI Customers will be able to pay from Samsung Pay, Cash up to Rs 500

Customers using SBI Debit Card will now be able to make payments without their Debit Card through their Samsung mobile phones. This feature, called Samsung Pay, will be available on most of Samsung's mobile phones. Announcing the deal, Asim Warsi, Senior Vice President (Mobile Business), Samsung India, said that Samsung Pay is being used on nearly 25 million POS (point of sale) machines. This method of payment is Magnetic Secure Transmission (MST), which can not be misused.