Samsung has announced the launch of its new digital lending platform in India. Dubbed as Samsung Finance+, the platform is available at over 5,000 stores in 30 cities across the country.
The company has also revealed that it will make this service available to 10,000 outlets in 100 cities by the end of 2019. The new platform will provide a financing opportunity for customers considering buying a new Galaxy smartphone. The company claims that the new platform will provide a paperless journey for getting finance along with customised offers on a Galaxy smartphone of user’s choice.
In order to avail this financial service, customers need to go to a Galaxy store near their area and log into the in-store Samsung Finance+ application on a Galaxy Tab. Once the customer complete KYC verification and they will get the credit score. Once this step is completed, users will get an offer screen on various Samsung Galaxy smartphones.
The company says that the Samsung Finance+ lending platform has been developed at Samsung R&D Institute India-Bangalore. The entire engineering design and development of this platform is done out of SRI Bangalore. Furthermore, the company has partnered with DM Finance to launch this service in India.
“At Samsung, consumers are at the heart of everything we do. Samsung Finance+ is a testimony of our consumer-centric innovation. It is also a ‘Make for India’ initiative towards financial inclusion and Digital India. We are confident that Samsung Finance+ will touch the lives of millions of consumers in India,” said Mohandeep Singh, Senior Vice President, Mobile Business, Samsung India.