Nov 15: Mumbai-based Induslnd Bank has announced the launch of its new Nexxt Credit Card. The card offers users payment options like EMI, Reward Points or Credit at the push of buttons provided on the card, at the points of sale (POS). Induslnd Bank, according to news reports, said that its Nexxt Credit Card is Indiaâ€™s first interactive credit cards with buttons embedded.
There are three payment options provided Â – Credit, Converting Transactions into EMIs with 4 tenure options (6, 12, 18 & 24 months) or using accumulated Reward Points. One can say that these are all just a button away. With a simple push on the button, the users can choose their convenient option for payment. Induslnd Bank had partnered with Dynamics Inc hailing from Pittsburgh, USA, to develop the card. The US company is renowned for designing, manufacturing intelligent payment cards powered by a battery, said the reports.
The card, which offers entertainment offers, concierge services, lounge access, fuel surcharge waiver, reward earnings, and reward redemptions, according to the bank will give a great shopping experience for the users. The exclusive Nexxt Reward Points will be an add-on to the user experience.
The technology installed in the upcoming payment cards are novel, and provides exceptional consumer functionality and value, reports added. A customerâ€™s convenient payment option is indicated by the LED lights that are paired with the three payment options. As per reports, in order to convert POS transactions into EMIs, or to redeem rewards points, the user need not fill any form, contact their bank or log on to a banking channel.