With Paytm Postpaid, Samsung stores to offer ‘Buy now, pay later’, No Cost EMIs

Paytm has partnered with Samsung to offer Paytm Postpaid. It will work with Samsung retailers to deploy smart PoS devices and enable smart payments and Paytm Postpaid (Buy Now, Pay Later). Customers will be able to make digital payments at Samsung authorized stores across the country with the help of this agreement between Paytm and Samsung.

Customers can now use the flexible payment methods offered by Paytm to purchase Samsung products from any authorized stores nationwide, including Paytm UPI, Paytm Wallet, Paytm Pay later, as well as all major debit, credit and prepaid cards. These include laptops, smartphones, televisions, smart watches, refrigerators, etc.

You can get a monthly credit limit of up to 60,000 if you choose Paytm Postpaid. You can use this credit to purchase items from authorized retailers and pay back with flexible, low-interest EM loans. Customers can choose between low-cost personal loans up to 20,000, provided by Paytm’s financial institution partners, in addition to Paytm Postpaid, for purchases.

Paytm will also offer Free EMI alternatives in addition to attractive promotions for payments made through Paytm PoS devices for added convenience for users. The company’s PoS devices also offer attractive features for retailers, such as real-time inventory status, integrated checkout, targeted promotions, and streamlined payments.

Bhavesh Gupta, CEO – Lending & Head Payments – Paytm said, “We continue to drive innovation in the offline payments market, and with our PoS devices, merchants can drive loyalty. Our partnership with Samsung stores will allow us to further extend the convenience of smart payments to a larger customer base.”

One97 Communications, which operates under the Paytm brand, on Friday said its loan distribution business reached an annual operating rate of 25,000 crore in July. The company reported an annual operating rate of approx 24,000 crore for business loan distribution in June.

(With agent input)

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