Samsung, PayPal ink strategic partnership

Joan Terry
July 17, 2017

Samsung has announced that its mobile payments services, Samsung Pay, now supports PayPal payments in-store, on the web, and in-app - basically anywhere that Samsung Pay is accepted. Through the partnership, more than 200 million users of Samsung Pay will be able to pay through their accounts with PayPal, one of the world's largest internet payment companies.

Samsung's mobile payments service was launched almost two years ago.

There's a fundamental difference between this integration and the act of getting a PayPal debit card and configuring it with Samsung Pay. Samsung Pay will also work online and in apps via PayPal's Braintree Direct, or at least it theoretically can. Its mobile payments technology, a rival to Apple Pay and Google's Android Pay, works both with NFC point-of-sale system and those using traditional mag strip technology.

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"At Samsung, we pride ourselves on our open model of partnership and collaboration, which helps us deliver the best experiences to our customers", said Injong Rhee, CTO and Head of R&D, Software and Services of the Mobile Communications Business, Samsung Electronics, in a statement.

For PayPal, it is expected to expand its service into offline payments, it said. This partnership will give our customers the ability to pay with mobile nearly anywhere consumers can swipe or tap a credit card, as Samsung Pay works in nearly any in-store POS location in the U.S. In 2014, we worked with Samsung to enable mobile payments with just a fingerprint.

Other reports by BadHub

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