Categories: Agreements

Paytm tie-up with Samsung stores to deploy smart PoS devices

Paytm partnered with Samsung stores across India to facilitate smart payments as well as its loan service Paytm Postpaid through the deployment of point-of-sale devices. The partnership will enable consumers purchasing Samsung devices like laptops, smartphones, television, smart watches etc, from any authorised store in the country to pay through Paytm payment instruments, including UPI, wallet, buy now pay later scheme, debit cards and credit cards.

Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks

About the Partnership:

  • The partnership with Samsung stores will enable us to further extend the convenience of smart payments to a larger customer base.
  • Paytm through its postpaid or buy-now-pay-later service will provide a credit limit of up to Rs 60,000 per month. It will also give customers an option to avail of personal loans of up to Rs 2 lakh through financial institution partners of Paytm, according to the company statement.
  • Paytm claims to be the leader in offline payments, having deployed 4.1 million devices across the country as of July 2022.

Important takeaways for all competitive exams:

  • MD and CEO of Paytm: Vijay Shekhar Sharma;
  • Paytm Founded: August 2010;
  • Paytm Headquarters: Noida, Uttar Pradesh, India.

Find More News Related to Agreements

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

List of RBI Governors of India 1935 to 2024

The RBI Governor is the Chief Executive Officer of the Central Bank of India and the…

20 mins ago

Chaudhary Charan Singh Biography- Age, Political Career, Contributions and Awards

Chaudhary Charan Singh (23 December 1902 – 29 May 1987) was a prominent Indian politician…

24 mins ago

What is the Old Name of Rajasthan?

Rajasthan is a state in north-western India, known for its rich history, beautiful palaces, forts…

33 mins ago

PV Sindhu Biography- Age, Marriage, Career, Records and Net Worth

PV Sindhu is one of India's most celebrated badminton players, known for her exceptional skills,…

2 hours ago

Top-10 Most Expensive Woods in the World, Check the List

Wood is a natural material used in furniture, tools and decoration. It comes from trees…

2 hours ago

India’s First Bio-Bitumen Stretch Inaugurated by Nitin Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari, inaugurated India's first bio-bitumen-based National Highway…

2 hours ago