Reportedly, Samsung collaborated with Paytm in India, to give its buyers more payment options. Now it offers the buyers with more financing choices when they opt to buy a device from offline stores.
Added further, consumers who opt to buy the Samsung devices from authorized company stores in India could now have the choice to pay through Paytm’s PoS (Point of Sale) machines. And now users have more options to pay which include payment through credit cards, debit cards, UPI, Paytm Wallet, and Paytm Postpaid. This step taken by the company will definitely give the buyers more flexibility when it comes to the mode of payment.
Easy financing schemes to buy Samsung devices in India
Buyers have more leverage to take the advantage of various financing schemes run by the company under this head. One of the finest examples is Paytm Postpaid which is a BNPL (Buy Now, Pay Later) service. And it offers customers a credit limit of up to INR 60,000 (around $750). In this, buyers can pay back the amount through easy monthly instalments at low-interest rates.
Apart from its BNPL service provided by Paytm. It also offers a low-cost personal loan option through its financial partners. Whereby consumers can take a loan of up to INR 200,000 (around $2,500) to purchase goods.
Recently, Paytm also tied up with Piramal Capital and Housing Finance. The step is taken to expand its merchant loan business to small towns and villages. On this, Paytm said the partnership will enable merchant partners to avail of credit up to Rs 10 lakh, with the tenure of terms ranging from 6-24 months respectively. The partnerships will soon be expanded to include personal loans as well.