Samsung Galaxy
IN PHOTO: The text "#TheNextGalaxy" is pictured on a wall with Samsung smartphone Galaxy S6 edge+ at the consumer electronics trade fair IFA in Berlin, Germany. REUTERS/Hannibal Hanschke

Late last year Samsung was reportedly planning to launch an Apple-like leasing program for their Galaxy smartphones, but it never happened. Well now a new report from South Korea suggest the company will launch the program alongside the coming Galaxy S7.

Ultimately this means customers looking to purchase the Galaxy S7 when it launches will be able to pay off the device in monthly installments. It also means users will be able to upgrade their Samsung devices when new smartphones are unveiled.

The plan is said to be similar to Apple's Upgrade Program that was announced when the iPhone 6s and 6s Plus were launched last year.

Users must sign a two-year financing agreement and pay a little over $32 a month. In turn, you'll get a new, unlocked iPhone device every year directly from the company. The Upgrade Program also includes Apple's device insurance, AppleCare+.

No word yet on what the Samsung Upgrade Program will be called.

© 2023 Latin Times. All rights reserved. Do not reproduce without permission.