“Apply for credit cards and personal loans via Samsung Pay and get instant approval from Paisabazaar.com with its ‘Chance of Approval’ feature”
Samsung’s mobile payment and digital wallet app Samsung Pay has been made a one-stop solution for financial needs. The chaebol has added a new feature to the app that allows users to apply for credit card and personal loans. This will be backed by one of the largest online marketplaces of India, Paisabazaar.com. The latter will ensure the instant approval of credit cards and loans, with its unique ‘Chance of Approval’ features. It’s said to be an industry-first feature that uses advanced predictive algorithms to provide the most suited lender to customers and significantly improve their chance of loan approval.
“This will make this process extremely fast and seamless,” Paisbazaar.com CEO Naveen Kukarja said in the press release. He further added, “Samsung Pay is the leading payment platform that offers a unique and unmatched experience to its customers. Paisabazaar’s integration with Samsung Pay is a natural fit as it will provide users with a platform that is equipped to give them a variety of quick financial solutions.”
Samsung India’s senior director management services head Sanjay Razdan believes that the move will enable millions of existing and potential Samsung Pay users to get the benefit of seamlessly opting for a host of financial services. “Samsung Pay has been designed to be the smartest and most convenient method to make digital payments almost everywhere. Our partnership with Paisabazaar.com has helped us create a holistic platform that gives them the comfort of opting for various financial products besides using it as a payment platform.”