IndusInd Bank and Dynamics Inc. at the 2018 Consumer Electronics Show (CES) announced plans to introduce the first battery-powered, interactive payment cards to the Indian market in 2018.
The new IndusInd Bank card from Dynamics has multiple buttons that let the consumers use a single card to pay in multiple ways. With a touch of a button consumers can select credit, points or monthly instalments as payment option. A different colour light will activate based on the selected payment option.
The solution requires no changes to the payment infrastructure or merchant systems. A consumer can pay using points or instalment anywhere MasterCard is accepted.
As part of the relationship, Dynamics will establish a personalization and card fulfilment facility in India.
The Consumer Technology Association (CTA) recognized IndusInd Bank and Dynamics with four CES Innovation awards including the Best of Innovation Award for Security and honoree awards for Computers, Embedded Technologies, and Technologies for a Better World. This marks the first time in history an Indian Bank has been awarded the consumer electronics industry’s most prestigious award.