Paytm Joins Forces With Samsung To Offer Instant Credit At Store Outlets Via PoS
To facilitate smart payments as well as its loan service Paytm Postpaid through deployment of point of sale (POS) devices, Paytm on Tuesday said that it has partnered with Samsung stores across India.
Paytm Samsung Partnership
This partnership will enable consumers purchasing Samsung devices from any of the authorized store in the country through various payment instruments from Paytm which include UPI, wallet, buy now pay later scheme, debit cards and credit cards.
The devices that can be bought using these include laptops, smartphones, television, smart watches etc
Bhavesh Gupta, Paytm CEO – Lending and Head Payments said that “We continue to drive innovation in the offline payments market and with our PoS (Point of Sale) devices, merchants are able to drive higher customer loyalty. The partnership with Samsung stores will enable us to further extend the convenience of smart payments to a larger customer base”.
Credit limit of Rs 60,000 per month will be provided by the Paytm through its postpaid or buy-now-pay-later service.
According to the company statement, the option of availing personal loan of up to Rs 2 lakh through financial institution partners of Paytm.
As of July 2022, Paytm has deployed 4.1 million devices across the country and claims to be the leader in offline payments.
More About Paytm
Founded by Vijay Shekhar Sharma under One97 Communications in Noida in 2010, Paytm is an Indian digital payments and financial services company which stands for “pay through mobile”.
Mobile payment services to consumers are offered and the merchants are also enabled to receive payments through its QR code, point of sale and online payment gateway offerings.
Not just that but also it provides financial services such as microloans and buy now, pay later to its consumers and merchants. This is provided through the partnership with financial institutions.
In addition to the aforementioned services, Paytm also provides ticketing services, retail brokerage products and online games.