18 July, 2017
Samsung Pay is syncing up with PayPal, giving you one more way to pay when you make your next purchase.
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.
"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. "As India's biggest, most-trusted brand of mobile phones, Samsung remains committed to a digitally empowered economy and will continue to create meaningful innovations that will transform lives". You can learn all about Samsung Pay, including how it works, from Pocket-lint's guide here. Adding support for PayPal seems like a big win for users.More news: Egypt raises toll in Sinai attack to 23 killed
Samsung Pay is not only equipped with standard NFC (Near Field Communication) but also supports MST (Magnetic Secure Transaction) for offline payments at card terminals. Samsung Knox security backs Samsung Pay, which is a high level of security concerning secure ecosystem for PayPal.
"Samsung Pay will be available via Braintree Direct, allowing merchants to accept Samsung Pay as a payment method".
The partnerships keep coming for PayPal. By partnering with Samsung, PayPal has opened new avenues for its users to utilise their funds. In other words, users can access their PayPal wallet right inside Samsung's app and spend the balance in places where they couldn't before.