Samsung Pay brings support for PayPal in the US

MobiKwik Partners Samsung Pay For 'One-Tap' Payment Solutions

An announcement has been made on the Samsung Mobile Press website that shows the companies are working together to add PayPal as a payment option within the Samsung Pay application. Samsung did go on to say that PayPal support within Samsung Pay will be coming to other countries "soon", but did not give a list of where they have plans, or when this expansion could start.

That's good news for PayPal, which should be able to take a certain share of transaction fees through Samsung Pay payments.

The government has also introduced a number of schemes to promote adoption of e-payment methods like mobile wallets, debit/credit cards and Unified Payment Interface (UPI).




Samsung is entering into an "extended partnership" with PayPal to bring PayPal support to Samsung Pay. "Additionally, users will continue to benefit from Samsung Pay's unique value-added services, including gift cards, membership and loyalty cards". Through Braintree Direct, merchants will be able to accept Samsung Pay as a method of payment in-app and online. Samsung Knox security backs Samsung Pay, which is a high level of security concerning secure ecosystem for PayPal.

There are millions of PayPal users, and earlier they were stuck with limited ways to use their funds on the service. "By adding PayPal to Samsung Pay, we will combine Samsung's ubiquitous payment solution with PayPal's seamless and secure mobile wallet - delivering easy access to a simple, secure payment experience".

PayPal is the largest global payment platform that operates at scale on both the consumer and merchant side of the network. In other words, this enables users to register their credit or debit card on the app and then use it at any establishment with a PoS machine.

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