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Which bank has tied up with Samsung Pay, through which cardholders will be able to pay using smartphones at merchant establishments?
Correct Answer: B — Kotak Mahindra Bank
Explanation:
Correct Answer: B
Kotak Mahindra Bank tied up with Samsung Pay to enable its cardholders to make payments using smartphones at merchant establishments. Samsung Pay uses NFC (Near Field Communication) and MST (Magnetic Secure Transmission) technology, allowing users to pay at most card terminals.