Paytm To Deploy Smart PoS Devices At Samsung Authorised Stores Across India, To Offer Buy Now Pay Later Service

Paytm has partnered with Samsung authorised stores across India to facilitate smart payments as well as Paytm Postpaid (Buy Now, Pay Later) at their retail outlets through deployment of point of sale (POS) devices.

With this partnership, Paytm will enable consumers to make digital payments seamlessly at Samsung Authorised stores spread across the country, the company said in a regulatory filing on Tuesday (16 August).

Now, consumers purchasing Samsung devices - from laptops, smartphones to television sets, smart watches, refrigerators and more - from any authorised store in the country will be able to pay via a host of flexible payment options offered by Paytm including - Paytm UPI, Paytm Wallet, Paytm Postpaid and also all major debit cards, credit cards and prepaid cards, the company said.

The option to pay using Paytm Postpaid or 'Buy now, pay later' through PoS devices deployed at Samsung stores will be hugely beneficial to consumers, allowing them to purchase products without having to worry about budget, it added.

"Consumers can easily opt for Paytm Postpaid, which is offered in association with financial partners, and get a monthly credit limit of up to Rs 60,000. They can use this credit for buying products at authorized stores and repay through flexible EM ls at low interest rates," the company said.

In addition to Paytm Postpaid, consumers can opt for low-cost personal loans up to Rs 2 lakh - offered by Paytm's financial institution partners - to purchase goods, it added.

The company will also offer 'No Cost EMI' options along with attractive offers for payments made through Paytm PoS devices.

Paytm PoS devices drive payments as well as transaction confirmation and reconciliation - for sound, visual and print-based merchant solutions.

"We continue to drive innovation in the offline payments market and with our PoS devices, merchants are able to drive higher customer loyalty. The partnership with Samsung stores will enable us to further extend the convenience of smart payments to a larger customer base," said Paytm Lending and Head Payments CEO Bhavesh Gupta.