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Samsung to Announce its Digital Lending Platform in India

After filling their personal details for a simple KYC verification and credit scoring, they will get an offer screen on various Galaxy smartphones

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To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth. Wikimedia Commons

Aiming to make it easy for consumers to buy Samsung Galaxy smartphones, the South Korean smartphone maker on Thursday launched its “made in India” digital lending platform called Samsung Finance+ in the country.

Samsung has partnered with New Delhi-headquartered DMI Finance to launch Samsung Finance+ in the country.

“Irrespective of the fact that a consumer has a history of credit or not, we will give an offer to him or her,” Mohandeep Singh, Senior Vice President, Mobile Business, Samsung India, told IANS.

To begin with, the handset maker is launching Samsung Finance+ at 5,000 stores across 30 cities.

When asked about the expansion of the digital lending platform, Singh said: “We plan to reach up to 10,000 retail stores across 100 cities by the end of the year.”

Samsung Finance+ is currently available in Delhi, Mumbai, Jaipur, Chandigarh, Hydearabad and Surat, among other cities.

“It is not just the top cities. We’ve got a mix of all cities… In the second phase of expansion too, we will have a mix of cities,” Singh noted.

Samsung, Apple, Manufacturing, India
Apple and Samsung are very big players, they can change scenarios for private sector manufacturing. LifetimeStock

According to the company, almost all consumers applying for finance would get an offer on the Galaxy smartphone of their choice.

Samsung Finance+ was developed in India at the company’s R&D Institute India in Bengaluru.

“SRI-B engineers worked closely with SIEL from early 2018 in assessing market requirements, designing product features, running limited pilots to validate the concepts and building a data driven, scalable multi-sided lending platform which can meet the demands of a market like India,” noted Singh.

The platform is fully digital which means users will have a paperless journey with the in-store Samsung promoter assisting them customer through the entire process.

Also Read: New Initiative by YouTube to Support Women Creators in India

“We are honoured to have worked closely with Samsung over the past 24 months to deliver the first true partnership in India between an OEM and a lender,” said Shivashish Chatterjee, Co-Founder, DMI Finance.

The customers need to log into the in-store Samsung Finance+ application on a Galaxy Tab.

After filling their personal details for a simple KYC verification and credit scoring, they will get an offer screen on various Galaxy smartphones. (IANS)

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Flipkart Brings First Nokia-branded Smart TV in India: Report

The visuals of the TV are bolstered with "MEMC" technology, which eliminates blurs and judders for a screen shift devoid of lags, thus, offering better picture definition

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Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. IANS

Flipkart on Thursday launched the Nokia Smart TV in India as part of their strategic partnership. Priced at Rs 41,999, the Nokia-branded smart TV is currently available in a 55-inch variant and features “Sound by JBL”.

The smart TV will be available on the e-commerce platform starting December 10 and the firm will expand the line up of 4K variants in the coming months.

“The acoustics of the Nokia Smart TV has been engineered by JBL, which will let customers experience clear vocal tones and minimal harmonic distortion. True to JBL’s brand recall, the Nokia Smart TV will also enjoy deep bass tones, typically popular with Indian audiences,” the company said in a statement.

Notably, this is the first time that JBL is extending its audio expertise in television space in India.

The TV is powered by 24 watt built-in speakers, “DTS TruSurround” and Dolby Audio to enhance the overall audio experience.

Flipkart will provide complete TV protection for Nokia-branded smart TVs, which is available at a launch price of Rs 999.

Flipkart, Nokia
Flipkart earlier entered into a strategic partnership with Nokia to launch Nokia smart TVs in India. Wikimedia Commons

The programme gives consumers a coverage of three years against manufacturing defects and accidental damages, along with a guaranteed buyback value at the end of three years.

The Nokia Smart TV offers intelligent dimming that helps produce deeper blacks through accurate backlight control and a wide colour gamut.

It comes with the Android 9.0 Operating System (OS) that will allow users access a host of apps on the Android TV Play Store.

Also Read: Sony Unveils Alpha 9 II Camera in India for Rs 3,99,990

It sports a quad-core processor and 2.25GB RAM and 16GB ROM.

The visuals of the TV are bolstered with “MEMC” technology, which eliminates blurs and judders for a screen shift devoid of lags, thus, offering better picture definition. (IANS)