Samsung is now preparing to try its hand in the financial sector to further expand its reach in the Indian market. In a statement given on Tuesday, Samsung announced its partnership with Paisabazaar. PaisaBazaar is a leading online site in the Indian market that provides better financial services to consumers, after this partnership, PaisaBazaar will now extend all its services to Indian consumers in association with Samsung Pay.
Samsung said in a statement – “All the users of Samsung Pay can easily apply for credit card and personal loan, our partnership with Paisabazaar will give full benefits of financial services to our current and potential users”. The company claimed that the algorithm used by it would help consumers reach the most favorable lender and get the loan approved.
Sanjay Razdan, Senior Director, Samsung India stated – “Samsung Pay is designed to be used for a successful and convenient payment everywhere, our partnership with Paisabazaar will help us to become an ideal platform that helps the consumer We will be able to use Samsung Pay not only for payment but also for taking advantage of many other financial services ”.
Naveen Kukreja, CEO of Paisabazaar, stated – “PaisaBazaar's partnership with Samsung Pay is a natural combination as it will provide a platform to all consumers that will provide them a quick financial solution. Our simple, transparent and end-to-end support will help customers to jointly facilitate quick loan approvals and help in quickly getting loan money into their account.