Samsung Pay to Enable Loan and Credit Card Application in Indiaby Fintechnews Singapore July 16, 2019
A partnership between Samsung Pay and Paisabazaar was recently announced which will enable Samsung Pay users to apply for credit and personal loans from Paisabazaar’s platform.
Paisabazaar is part of the PolicyBazaar group, a fintech startup focused on the aggregation of financial products and services. The group is among one of the top funded fintech startups in India, which includes familiar names like Temasek.
This partnership will also tap into Paisabazaar’s “Chance of Approval” feature with uses predictive analytics to match the most suited lenders to borrows to improve their chance of loan approval.
Samsung Pay is widely accepted in India and supports the India government’s Universal Payment Interface (UPI).
Image Credit: Maurizio Pesce via Flickr