PayPal and Samsung Pay have inked a partnership making PayPal more available at millions of retailers or wherever Samsung Pay is accepted in-store, online, and in-app.
The partnership will see PayPal becoming available as a payment method in the Samsung Pay service, which will soon allow consumers in the US to pay for their online and in-person purchases without having to link their accounts via ACH.
As part of the agreement, PayPal will gain access to Samsung Pay services, which will allow Samsung Pay customers to pay with PayPal inside of their wallets, whilst allow PayPal’s merchants to accept Samsung Pay. The integration with Samsung Pay will begin by allowing its users to select their PayPal balance as a method of payment.
ACY Securities Supports ASIC’s Product Intervention OrderGo to article >>
For PayPal, the agreement with the South Korean smartphone giant follows similar partnerships with major mobile payment providers, which also aimed to expand the company’s footprint by joining forces with the incumbents, instead of doing battle with them.
PayPal and Samsung Pay have been forging a strong partnership since they worked together nearly three years ago to enable mobile payments with just a fingerprint. In addition, PayPal was added as a payment method within Samsung Smart TVs back in 2015.
PayPal said in a statement: “In addition to enabling consumers to pay with PayPal inside of their Samsung Pay wallets, we’re also able to allow merchants to accept Samsung Pay. Through Braintree Direct, merchants will be able to accept Samsung Pay as a method of payment in-app and online. By making it completely seamless to accept digital wallets like Samsung Pay, we’re continuing to break down the barriers to checkout for our merchants.”