Samsung to invest $1 billion in mobile atm in India

Aug 11, 2021 Services

Samsung Electronics is set to invest more than $1.3 billion to develop and scale up its mobile business in India.

The Samsung Mobile atm division will also become the first mobile operator in the country to offer free internet access to its users.

Samsung has been exploring opportunities to expand its mobile phone business in the region for more than a decade and has recently invested in several companies, including India’s Snapdeal, Paytm and Flipkart.

Samsung will now be working with a range of startups and private-sector partners to bring the mobile atem business to the Indian market, Samsung CEO Joon Kwon Cheol said in a statement.

The company said it will invest more in the business to build on the success of the Samsung Mobile Mobile atem division.

Samsung will also start a mobile payment platform called Tmall to serve its customers and expand its business in this segment.

This will also help Samsung to provide its users with the best mobile experiences, the company said.

Samsung’s investment comes after the US-based company had announced plans to invest in its mobile payment business in 2016.

Samsung had also invested in Flipkarts mobile payments division in 2015.

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