Paytm to deploy smart PoS devices -; 'Buy Now, Pay Later' facility at Samsung Stores

16 Aug 2022 , 10:01 AM

One 97 Communications Limited (Paytm), the pioneer of QR and mobile payments, India’s leading digital payments and financial services company, announced its partnership with Samsung authorized stores across India.

This partnership will enable smart payments as well as Paytm Postpaid (Buy Now, Pay Later) at Samsung’s retail outlets through the deployment of PoS devices.

With this collaboration, Paytm will consumers could be able to make digital payments at Samsung Authorized Stores across the country.

Customers purchasing Samsung devices be it laptops, smartphones, television sets, smart watches, refrigerators, and more – from any authorized store in the country will now be able to pay using a variety of flexible payment options provided by Paytm, including Paytm UPI, Paytm Wallet, Paytm Postpaid, and all major debit, credit, and prepaid cards.

The ability to pay using Paytm Postpaid or ‘Buy now, pay later’ via PoS devices installed at Samsung stores will be extremely beneficial to customers, giving them a free hand to purchase products without worrying about their budget.

Customers can easily choose Paytm Postpaid, which is provided in collaboration with financial partners, and receive a monthly credit limit of up to Rs60,000.

Customers can use this credit to purchase products from authorized retailers and repay with flexible EM ls at low-interest rates. In addition to Paytm Postpaid, consumers can purchase goods with low-cost personal loans of up to Rs 2 lakh from Paytm’s financial institution partners.

Paytm will also offer No Cost EMI options, as well as attractive offers for payments made through Paytm PoS devices, to extend further convenience to consumers.

At around 10.05 AM, Paytm was trading at Rs786 down by Rs1.15 or 0.15% from its previous closing of Rs787.15 on the BSE. The scrip opened at Rs791.80 and touched intraday high and low of Rs798.30 and Rs783.85 respectively.