Samsung Pay partners with PayPal

Alain Brian
Juillet 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.

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. Since Samsung's mobile payments service has MST and NFC support, it can work with nearly all card terminals in supported markets.

Samsung Pay is now fully available in 19 markets, having launched in its native South Korea back in August 2015 before landing in the U.S., China, Spain, and a number of markets across Europe, Asia, and Latin America. Because Samsung Pay supports Magnetic Secure Transmission (MST) technology, it can replicate a card swipe - allowing Samsung Pay to work almost anywhere that payment cards are accepted.

According to March data from PYMNTS.com, Samsung Pay has the highest usage rate of the digital wallets with 4.5% of mobile users. Samsung says that it will roll out support for Samsung Pay users in other markets in the coming weeks. And in April 2017, PayPal said it would work with Android Pay as well, to support both mobile payments in apps and those in brick-and-mortar retailers.

"The partnership will help provide customers with various mobile payment services", said Rhee In-jong, the chief technology officer of Samsung's Mobile Communication Business.

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