Samsung Electronics has announced it will add PayPal as a payment method within Samsung Pay wherever Samsung Pay is accepted – in-app, online and in-store.
Under an expanded strategic partnership with PayPal Holdings, access to PayPal will be available for all Samsung Pay users in the US initially, and will expand to other countries soon.
Customers will be able to use their Samsung Pay to access and use their PayPal wallet, letting them make a payment in millions of stores. Users can add their PayPal account to Samsung Pay, and can then spend the balance anywhere Samsung Pay is accepted. Users will continue to benefit from Samsung Pay’s value-added services, including gift cards, membership and loyalty cards.
Additionally, Samsung Pay will be available via PayPal’s service Braintree Direct, allowing merchants to accept Samsung Pay as a payment method in-app and online. With just a few lines of code, merchants will be able to integrate Samsung Pay, offering their customers greater flexibility in how they pay and reducing friction through faster and more secure checkout experiences.
“At Samsung, we pride ourselves on our open model of partnership and collaboration,” said Injong Rhee, CTO and head of R&D, Software and Services of Samsung’s Mobile Communications business,. “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.”
“We are focused on creating the best mobile commerce experiences for our customers,” said Bill Ready, PayPal’s Chief Operating Officer. “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.”