IndusInd Bank and Dynamics Launch the Nexxt Credit Card – India’s First Battery-Powered Interactive Card

Consumers Press Buttons On Card to Pay With Credit, Points, or
Installments

LAS VEGAS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/PushTheButton?src=hash” target=”_blank”gt;#PushTheButtonlt;/agt;–Dynamics Inc. and IndusInd Bank announce that IndusInd Bank has launched
the Nexxt Credit Card – India’s first interactive credit card with
buttons.

The card has electronic circuitry, a battery, and three buttons. You can
interact with the buttons on the card to pay with credit, pay with
points, or pay with installments. Each time a button is pressed, the
card re-writes its magnetic stripe, EMV chip, and contactless chip so
the selected payment type can be used in any type of payment terminal.

Any payment option can be used at any merchant point-of-sale. Merchants
do not need any special point-of-sale equipment. When paying, merchants
will not know the option you selected. Merchants will only see a credit
transaction authorized by the bank. Accordingly, your payment options
will be kept private and confidential from the merchant. You do not need
to worry about the merchant knowing your payment details.

The Installment Option

You have four installment options when making a purchase. By pressing
the installment button multiple times, you can select from a 6 month
installment, 12 month installment, 18 month installment, or a 24 month
installment.

Each installment option is written on the card next to a different
light. Pressing the installment button once turns on the light for the 6
month installment option. Pressing the button twice turns on the light
for the 12 month installment option (and so on).

The Rewards Option

You can pay for any purchase using your accrued rewards by pressing the
rewards button on the card. To see your reward balance at any time,
simply review your account on the internet or your mobile application.

The Credit Option

You can pay for any purchase with credit by pressing the credit button.
This works just like your traditional credit card and is accepted
anywhere Mastercard is accepted.

“We are pleased to announce the launch of the IndusInd Bank Nexxt Credit
Card. With this card, our aim is to give the customer multiple options
on how to make a payment using his or her Credit Card. The Power of
Choice moves completely to the customer,” stated Sumant Kathpalia, Head,
Consumer Banking at IndusInd Bank, “For us, customer experience is the
key touchstone, and our objective is to always elevate and enhance
customer experience with our innovative products and service
propositions.”

“India is one of the fastest and largest evolving payment markets in the
world. And, the leadership at IndusInd Bank is leveraging innovation to
better serve customers while deepening their business models and
strategy,“ stated Jeff Mullen, Dynamics Inc. CEO. “With the ability to
pay with rewards and pay with credit, consumers can enjoy best-in-class
loyalty functionality at any merchant in the world. With the ability to
pay with installments, consumers can make smarter financial management
choices at the point of sale. The IndusInd Bank Nexxt card is India’s
first card that really lets a consumer pay the way they want to pay.”

“At IndusInd Bank, responsive innovation has been our mantra to design
financial products that enhance customer empowerment and boost
convenience for them,” stated Anil Ramachandran, EVP & Head, Marketing
and Retail Unsecured Assets at IndusInd Bank. “We are delighted to
launch the IndusInd Bank Nexxt Credit Card, which redefines the payment
experience for customers by giving them the freedom to choose their mode
of payment at the Point of Sale. They now have convenience at the push
of a button. It does not get simpler than this.”

To apply for the card, please visit https://www.indusind.com/home.Nexxt.html

About Dynamics Inc.

Dynamics has three business units – an intelligent card, value-added
processing, and phone payment technology business unit. The Company’s
intelligent card division has introduced market defining card products
such as the world’s first multiple account card (Canada), the world’s
first password protected card (Asia), and the world’s first multiple
co-brand card (USA). The Company’s value-added processing division
provides real-time loyalty or purchase notification to millions of
consumers and includes customers such as Tim Hortons and the Upper Deck
Company. The Company also produces pay-by-phone technology that is used
in cell phones. LG Electronics leverages Dynamics technology in LG Pay.
Dynamics has raised over $110 million dollars in funding from investors
including Mastercard, CIBC, and Adams Capital Management. Dynamics
operates multiple manufacturing facilities, physical card
personalization, and remote data trusted service manager (TSM)
facilities, with its Global Headquarters in Pittsburgh, Pa., APAC
headquarters in Singapore, LATAM headquarters in Sao Paulo, Brazil, and
EMEA headquarters in New York. More information on the company, its
technology and applications can be found at www.dynamicsinc.com.

About IndusInd Bank

IndusInd Bank, which commenced operations in 1994, caters to the needs
of both consumer and corporate customers. Its technology platform
supports multi-channel delivery capabilities. As on September 30, 2018,
IndusInd Bank has 1,466 branches, including 203 specialized branches,
and 2,372 ATMs spread across geographical locations of the country. The
Bank also has representative offices in London, Dubai, Abu Dhabi and
Doha. The Bank believes in driving its business through technology. It
enjoys clearing bank status for both major stock exchanges – BSE and NSE
– and major commodity exchanges in the country, including MCX, NCDEX,
and NMCE. IndusInd Bank on April 1, 2013 was included in the NIFTY 50
benchmark index. Recently, IndusInd Bank was awarded Best Commercial
Bank of the Year (India) and Best Innovation in Retail Banking (India)
by International Banker 2018 Awards. For more information, visit https://www.indusind.com/

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Contacts

Media Contact
Brian Schuliger
Dynamics
Inc.
+1 (724) 274-6484 x142
press@dynamicsinc.com