US Samsung Pay users can use PayPal as a payment method now
- Author: Fernando Stephens Jul 18, 2017,
Jul 18, 2017, 0:29
Coming soon, consumers in the USA will be able to use PayPal within Samsung Pay at millions of retailers.
To use PayPal in Samsung Pay, all you have to do is sign in using your PayPal credentials in the Samsung Pay app. In addition to the US, Samsung Pay is now available in 17 more markets, including South Korea, China, Russia, India, Spain, Australia, Brazil, Switzerland, Hong Kong, or the United Kingdom. Now consumers will be able to make payments easily on Samsung's budget and mid-range phones.
Samsung Pay has been launched in India this March, and this made Samsung the first smartphone company, ahead of Google andApple, to launch its own payment service in India. In addition, PayPal was added as a payment method within Samsung Smart TVs back in 2015.
In addition to the above, Samsung Pay users in the United States can still benefit from gift cards, membership, and loyalty cards.
For those in the U.S., PayPal Wallet can be added to Samsung Pay like a typical payment option.
It allows users to just tap and pay using the debit/credit cards and wallets stored on their mobile devices.
The partnerships keep coming for PayPal.
This move of Samsung and PayPal is profitable for both the companies.
Much in the same way that Samsung is ahead of PayPal when it comes to in-store payments, PayPal's Braintree is far ahead of Samsung Pay's online payment system.
"We will continue forging new collaborations with leaders across the tech and financial worlds to expand the reach of our products, explore new contexts, increase conversions for our merchants, create better mobile experiences and give our consumers the flexibility, security and speed that digital payments can offer", said said PayPal COO Bill Ready, in a blog post.
PayPal and Samsung have had a strong partnership for several years now.
Accepted Almost Anywhere: Samsung Pay works with Near Field Communication (NFC) as well as with Samsung's patented Magnetic Secure Transmission (MST) technology.