PayPal inks partnership deal with Samsung Pay

Yolanda Curtis
July 17, 2017

"Samsung Pay in partnership with PayPal will provide more abundant mobile wallet experiences to users", said Rhee In-jong, Samsung Mobile's chief technology officer.

Samsung Electronics Co. said Monday it has clinched a strategic partnership with US online payment service provider PayPal for an expansion of its mobile payment services.

Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets. This partnership will allow our mutual customers to pay across even more mobile contexts, as consumers increasingly turn to their phones to manage and move their money.

PayPal has made a series of deals over the a year ago aimed at giving its mobile wallet more exposure for direct checkout.

Samsung Pay, the mobile payments service of the world's largest handset maker, was launched in India in March this year.

The news comes three months after Google's Android Pay service added support for PayPal, while last week Apple revealed that you could now pay for digital goods through Apple's own stores using PayPal - but it stopped short of supporting PayPal payments through Apple Pay itself.

Samsung is entering into an "extended partnership" with PayPal to bring PayPal support to Samsung Pay. At PayPal, we've seen - and helped enable - a major shift to mobile. PayPal users will now be able to use their PayPal wallet for offline payment transactions at millions of merchants where Samsung Pay is currently accepted, while Samsung Pay customers can leverage PayPal's Braintree assets for easier online checkout.

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