Science

PayPal available as payment method within Samsung Pay

PayPal available as payment method within Samsung Pay

The partnership will see PayPal becoming available as a payment method in the Samsung Pay service, which will soon allow consumers in the U.S.to pay for their online and in-person purchases without having to link their accounts via ACH.

"At PayPal, we are focused on creating the best mobile commerce experiences for our customers, and partnering with technology leaders, like Samsung, to create experiences that our millions of joint customers love and can utilize no matter where they shop", said Bill Ready, PayPal's Chief Operating Officer.

Additionally, Braintree, a PayPal subsidiary that helps power online- and mobile-payments for ecommerce companies, will also support Samsung Pay thereby extending Samsung's payments reach to more merchants if they add just a few lines of code to their websites and apps.

According to March data from PYMNTS.com, Samsung Pay has the highest usage rate of the digital wallets with 4.5% of mobile users.




As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country, the digital payments firm said in a statement. The integration with Samsung Pay will begin by allowing its users to select their PayPal balance as a method of payment.

PayPal and Samsung have had a strong partnership for several years now.

Samsung had unveiled a "Mini" version of the platform that integrates UPI and mobile wallets to work on mid-range priced smartphones. In addition, PayPal was added as a payment method within Samsung Smart TVs back in 2015. Starting today in the U.S. and coming to other markets soon, PayPal users will be able to add their account and use funds just like any other bank to make purchases wherever Samsung Pay is accepted. MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader, allowing Samsung Pay to work nearly anywhere cards are accepted.


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