Simmons: "Simmons Pay Transactions Up 82% Year-on-Year"

Up to 36 Months of Interest-Free Installments
Reduced Initial Payment Burden

The number of users of 'Simmons Pay', Simmons' long-term interest-free installment program, has increased significantly.

Simmons store exterior. Simmons

On April 16, Simmons announced that the number of Simmons Pay transactions in the first quarter of this year grew by approximately 82% compared to the same period last year. This is interpreted as a result of consumers increasingly choosing a rational way of lowering the barriers to purchasing premium beds amid an economic downturn.

Simmons has continued to offer the Simmons Pay service since its introduction at the end of 2018, even during the COVID-19 pandemic and periods of high interest rates, exchange rates, and inflation.

Simmons Pay offers interest-free installments for up to 36 months. It eliminates the burden of a large initial payment, and does not incur any additional costs such as financial interest, registration fees, or cancellation charges, resulting in minimal interest burden. Customers can use their existing credit cards (Samsung, Shinhan, KB Kookmin, Lotte, Hana, Hyundai, etc.) without the hassle of applying for a new card.

With the 36-month interest-free installment plan, Simmons' flagship mattress collection 'Beautyrest' model William (QE size) is available at a monthly cost in the 160,000 won range, while the Edison (SS size), well-known as a children's bed, is available for 170,000 won per month. The program also applies to bedding items such as duvets and pillows, making it convenient for customers looking to upgrade their products for better sleep.

Simmons Pay is available at Simmons' directly operated flagship stores, Simmons Gallery, authorized retailers Simmons Mansion, and the official online store.

A Simmons representative stated, "Amid weakened consumer sentiment due to domestic and global uncertainties, Simmons Pay is gaining traction among consumers as a rational payment method without interest."

This content was produced with the assistance of AI translation services.