(16 July 2019 – India) Samsung Pay users in India can now apply for credit cards and personal loans from the mobile payments’ platform.
Samsung reached an agreement with the online marketplace provider Paisabazaar for financial products in India, allowing credit card and loan applications through the Samsung Pay app.
The service integrates with the Paisabazaar marketplace 'Chance of Approval' feature, which uses predictive algorithms to connect consumers with the most suitable lender with the best chance of approving a loan. The move enables millions of existing and potential Samsung Pay users to benefit from seamlessly opting for a host of financial services.
“Our partnership with Paisabazaar has helped us create a holistic platform that gives them the comfort of opting for various financial products besides using Samsung Pay as a payment platform” said Samsung India Senior Director of Services and Management Sanjay Razdan