18 July, 2017
Samsung just announced a new partnership with PayPal, bringing support for the online financial giant to its popular mobile payment service.
US-based Samsung Pay customers can finally enjoy PayPal support, but accessibility to this feature is now limited to the local market. Access to PayPal will be available for all Samsung Pay users in the United States and will expand to other countries soon. Once that's done, it'll work anywhere Samsung Pay is supported. "Additionally, users will continue to benefit from Samsung Pay's unique value-added services, including gift cards, membership and loyalty cards". The partnership also allows merchants who use Braintree, PayPal's processing subsidiary, to accept Samsung Pay as a checkout option in-app and online. Samsung Knox security backs Samsung Pay, which is a high level of security concerning secure ecosystem for PayPal.
The partnerships keep coming for PayPal.
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At first, PayPal payments will be limited to Samsung Pay users in the US.
This move of Samsung and PayPal is profitable for both the companies.
Users can access their PayPal wallet right inside Samsung's app and spend the balance in places where they couldn't before."We are excited to be partnering with PayPal, one of the largest payment platforms in the world, to offer our global consumers a richer mobile wallet experience".
"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.