With this partnership, customers will be able to use their Samsung Pay to access and use their PayPal wallet, letting them make a payment in stores. Users have to add their PayPal account to Samsung Pay, and can then spend the balance anywhere Samsung Pay is accepted.
“At Samsung, we pride ourselves on our open model of partnership and collaboration, which helps us deliver the best experiences to our customers,” said Injong Rhee, CTO and Head of R&D, Software and Services of the Mobile Communications Business, Samsung Electronics.
“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. This partnership furthers our commitment to providing customers with a more convenient payment experience that is simple, secure and available almost anywhere,” Rhee added.
Benefits to Merchant Partners
Samsung Pay will be available via Braintree Direct, allowing merchants to accept Samsung Pay as a payment method. The company explains that with just a few lines of code, merchants will be able to easily integrate Samsung Pay, offering their customers greater flexibility in how they pay and reducing friction through faster and more secure checkout experiences.
Furthermore, the partnership will allow users to use their PayPal wallet for offline payment transactions at all stores where Samsung Pay is currently accepted, while Samsung Pay customers can leverage PayPal’s Braintree assets for easier online checkout.
“At PayPal, we are focused on creating the best mobile commerce experiences for our customers, and partnering with technology leaders, like Samsung, to create experiences that our millions of joint customers love and can utilize no matter where they shop,” said Bill Ready, Chief Operating Officer, PayPal.
“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,” Ready added.
For now, PayPal will be available for all Samsung Pay users only in the United States. The company has revealed plan to expand to other countries soon.
