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Samsung Pay enters partnership with Indian loan marketplace Paisabazaar, an online financial marketplace in India, said it signed an agreement with Samsung that will allow Samsung Pay users to apply for loans and credit cards using the platform. 

Paisabazaar said it uses advanced predictive algorithms to help customers find the best option for loan approval.

"Samsung Pay has been designed to be the smartest and most convenient method to make digital payments almost everywhere," Sanjay Razdan Sr., diretor-services management, Samsung India, said in a release from Paisabazaar. "Our partnership with 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."