PayPal teams with Samsung Pay
The partnerships keep coming for PayPal. Following recent news that the company is partnering with Apple for payments on iTunes and in the App Store, among other places, the company is now expanding its partnership with Samsung to enable PayPal as a payment method in any channel Samsung Pay is accepted, according to the PayPal blog.
Banking Technology‘s sister publication Paybefore reports that consumers in the US will be the first to able to use PayPal within Samsung Pay at millions of retailers, according to Bill Ready, executive vice-president and chief operation officer at PayPal.
PayPal processed $102 billion in mobile payment volume and two billion mobile payment transactions, according to Ready. “This partnership will give our customers the ability to pay with mobile almost anywhere consumers can swipe or tap a credit card, as Samsung Pay works in almost any in-store POS location in the US.”
The partnership, which builds upon a relationship that began in 2014 when the two worked together on fingerprint-enabled mobile payments, will see PayPal enabling merchants to accept Samsung Pay. Through Braintree Direct, merchants will be able to accept Samsung Pay as a method of payment in-app and online.
The PayPal integration with Samsung Pay is supported on Samsung smartphones including the Samsung Galaxy S8 and S8+.
PayPal has been on acceptance partnership spree for the past year, inking deals with Visa, Mastercard, Discover, Apple and Google.