Samsung and KBZPay Shopper Loan team up to launch 0% interest purchase of mobile and consumer electronic products

Samsung Electronics has partnered with Myanmar’s leading mobile wallet, KBZPay, to create a better and more convenient purchasing experience for the customers to buy both mobile and consumer electronic products in the country.

With this strategic collaboration, selected Samsung latest products can be purchased with a 0% interest rate via KBZPay Shopper Loan, the first digital loan service in Myanmar managed within the KBZPay mobile app.

With the aim to offering the best possible way to ensure customers’ satisfaction and requirements according to the various situation, Samsung and KBZPay have come up with this convenient monthly payment plan allowing the customers to purchase their favorite Samsung devices, such as smartphones, televisions, washing machines and refrigerators with 0% interest and 0% down payment via KBZPay mobile app. Besides, every eligible customer can get a loan of up to MMK 5 million without a guarantor and will also be able to make the loan payments in flexible monthly installments over 6 – 12 months depending on the items purchased to suit their financial situation. Photo Source https://www.facebook.com/KBZPay/

“At Samsung, we always try to seek the best possible ways to create and bring a unique purchasing experience to our customers. Despite these current situations and challenges, people show their interest to enjoy the latest technology and quality products of ours, and it encourages us to make a partnership with KBZPay so that our valued customers in Myanmar find it more convenient and easier to purchase our products,” said Mr. Harrison Song, Managing Director of Samsung Myanmar.

To proceed with the KBZPay Shopper loan application, the applicants will need to submit ward recommendation(should not be older than 1 month), minimum monthly income of MMK 150,000, electricity bill, payslip or salary recommendation from HR for the past three months, and selfie from your registered address (this will be done in the application process). The loan verification period normally takes one working day to approve and customers can make a purchase of their preferred product via KBZPay mobile wallet once their loan is approved. Photo Source https://www.facebook.com/KBZPay/

Mr. Chong Ho Yoon, Head of KBZPay and Unsecured Consumer Lending for KBZ Bank, says, “We are very excited to work together with one of the leading electronic brands in Myanmar for the KBZPay Shopper Loan. The KBZPay Shopper Loan, and other loan products that will soon be launched under KBZPay, reflects KBZ Bank’s commitment to addressing the financial challenges of people in the country, especially the working population. Through our investment in mobile technology and KBZPay, our customers can now enjoy a loan service that is paperless and which helps them to build a credit score for the future. Following loan approval, a shopper can simply head to our merchant partner and walk away with the purchase without worrying about making an initial payment or needing cash in hand.”

The KBZPay Shopper Loan is now available to Level 2 KBZPay customers in Yangon, Mandalay, Nay Pyi Taw, Bago, Pathein, Taunggyi and it will be introduced in other cities and areas of the country in the coming months. The users can easily download KBZPay mobile app in both Android (Download Link: http://bit.ly/2RP3U0N) and iOS (Download Link: https://apple.co/31igRU9).

For more information, customers can reach out to 24/7 KBZ Pay Call Center; +959 969 963 211.