Well, it's not done bringing improvements to its mobile payment app yet, it seems: Samsung and PayPal have announced a strategic partnership today, adding PayPal as a payment option within Samsung Pay wherever Samsung Pay is accepted, which is virtually everywhere.
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. 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. The company has confirmed support for PayPal within Samsung Pay will be made available in the United States first. Customers will also still receive Samsung Pay benefits like rewards points and gift cards. PayPal's Braintree Direct service now supports Samsung Pay, making it easy for merchants to accept it as a form of online payment. These online merchants will simply need to add a few lines of code to integrate Samsung Pay into their platform.
There are millions of PayPal users, and earlier they were stuck with limited ways to use their funds on the service.
PayPal is the largest global payment platform that operates at scale on both the consumer and merchant side of the network.More news: Oculus Rift Touch Bundle Drops to Just $399
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Thanks to Samsung's NFC and proprietary MST technology, Samsung Pay is the most widely-accepted mobile payment platform on the market and works nearly anywhere you can swipe or tap a card today.
Users can access their PayPal wallet right inside Samsung's app and spend the balance in places where they couldn't before.
"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. "This partnership furthers our commitment to providing customers with a more convenient payment experience that is simple, secure and available nearly anywhere".