Paytm broadens offline payments distribution, partners with Samsung stores to deploy smart PoS devices and offers Paytm Postpaid

byjitendra7.singhLast Updated: August 23, 2022
Paytm broadens offline payments distribution, partners with Samsung stores to deploy smart PoS devices and offers Paytm Postpaid

We have partnered with Samsung authorized stores across India to facilitate smart payments as well as Paytm Postpaid (Buy Now, Pay Later) at their retail outlets through deployment of our PoS devices. Through this partnership, we will enable consumers to make digital payments seamlessly at Samsung Authorized stores spread across the country.

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

The option to pay using our 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. Consumers can easily opt for Paytm Postpaid, which we offer in association with our 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 EMls at low interest rates. In addition to Paytm Postpaid, consumers can also opt for low-cost personal loans up to Rs 2 lakh – offered by our financial institution partners – to purchase goods.

To bring further convenience to consumers, we will also offer ‘No Cost EMI’ options along with attractive offers for payments made through our PoS devices. Our PoS devices also bring several exciting features for merchants including simplified billing, integrated payments, targeted promotions or real-time inventory status, among others. Our PoS devices drive payments as well as transaction confirmations 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.”

– Bhavesh Gupta, CEO – Lending & Head Payments – Paytm

After pioneering the QR and mobile payments revolution in India, our technology- oriented platform remains focused on delivering innovative solutions to strengthen the payments ecosystem and empower small businesses. Our devices like Paytm Soundbox, Paytm POS devices, all-in-one QR code, among others, are well recognized and accepted by merchants across the country. We continue to maintain our leadership in offline payments with rapid growth in merchant base and device adoption, enabling the company to maximize monetization opportunities. As of July 2022, we have deployed 4.1 million devices across the country.

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