In India, Samsung Finance+ is designed to provide hassle-free financing to everyone who wants to own a Samsung device this festive season. If talking about Samsung in India means the largest consumer electronics brand in the region. And as creating a large contrast Samsung’s initiative aims to drive financial inclusion and strengthen Samsung’s vision of Powering Digital India.
Buying an ideal range of Samsung products such as TVs, soundbars, refrigerators, washing machines, microwaves, air-conditioners, and more, becomes easy now because consumers can credit and buy their favorite Samsung consumer electronics products under the esteem.
Samsung Finance+ is a possible, universally accessible digital lending platform wherein consumers will be able to upgrade to their favorite premium Samsung consumer electronics product by getting a loan sanctioned within 20 minutes at retail stores across the country.
Mohandeep Singh, Senior Vice President, Consumer Electronics Business, Samsung India encounter
“At Samsung, consumers are at the heart of everything we do. Samsung Finance+ is a testimony to our consumer-centric innovation and will help drive financial inclusion, furthering our commitment to Powering Digital India. We are positive that Samsung Finance+ will touch the lives of millions of consumers, especially those who are new to credit and are in semi-urban and rural markets.”
Across 1,200 cities, and 3,000 consumer electronics stores Samsung start to spill out Finance+ as it launches initially. Due to the festive season, Samsung plans to take Samsung Finance+ to more than 5,000 retail outlets in appx 1,500 cities by the end of 2022. This is to support consumers in a financial way.
The Samsung Finance+ platform was developed in India at the Samsung R&D Institute Bangalore (SRI-B). Where engineers worked closely with the Samsung India team to assess consumer requirements and design the features of the platform.
How does Samsung Finance+ Work?
Under the shadow of Samsung‘s Finance+ consumers can avail of a loan in a few simple steps. They simply need to visit the nearest select Samsung retail store with the requisite documents, ask for the Samsung Finance+ desk and submit the e-documents for KYC verification. Once KYC verification and credit scoring are done, the loan is disbursed with easy EMI payment plans within 20 minutes. Once completed, a consumer can easily buy their favorite Samsung product without any turmoil.
Key Features of Samsung Finance+
- Fully Digital: Consumers enjoy a paperless journey with the in-store Samsung promoter assisting the consumer through the process
- Customized offers for everyone: Nearly all consumers applying for finance end up getting an offer on the Samsung product they want to buy
- Universally Accessible: Wide reach in India through Samsung’s strong retail presence across the country
Shivashish Chatterjee, Co-Founder, and Joint Managing Director, of DMI Finance, said in the contract
“We are excited to extend our path-breaking partnership with Samsung. DMI’s seamless, paperless journey for smartphone buyers is now available for clients. That is on purchasing other home electronics such as televisions, refrigerators, and air conditioners. This is another step in our goal to provide affordability solutions to all credit-worthy customers regardless of their credit history.”
Dissolution…
Apparently, Samsung shake a hand and partnered with DMI Finance to launch Samsung Finance+ in India. DMI Finance is a pioneer in the use of technology for the transmission of credit to the end customer. Therefore, you can absorb the information that I directed above.
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