The two companies have signed on to allow USA customers to use their PayPal balance as a payment method within Samsung Pay wherever the mobile wallet is accepted, be it in-store, in-app, or online. Sanjay Razdan, director, Samsung Pay Business, Samsung India, said, “We are enthused by the tremendous response Samsung Pay has received since its launch, both from our consumers as well as partners”. This partnership will give our customers the ability to pay with mobile nearly anywhere consumers can swipe or tap a credit card, as Samsung Pay works in nearly any in-store POS location in the U.S.
The move will allow Samsung’s mobile payment platform Samsung Pay to be linked to PayPal accounts, which paves the way for Samsung to expand its consumer base, according to Samsung.
Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.
PayPal has made a series of deals over the a year ago aimed at giving its mobile wallet more exposure for direct checkout. At PayPal, we’ve seen – and helped enable – a major shift to mobile.
“Samsung Pay in partnership with PayPal will provide more abundant mobile wallet experiences to users”, said Rhee In-jong, Samsung Mobile’s chief technology officer. In addition, end-users will continue to benefit from Samsung Pay’s value-added services, including gift cards, membership and loyalty cards. Users simply add their PayPal account to Samsung Pay, and can then spend the balance anywhere Samsung Pay is accepted.