Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.
Samsung has announced that its mobile payments services, Samsung Pay, will soon support PayPal payments in-store, on the web, and in-app — basically anywhere Samsung Pay is accepted.
The news comes three months after Google’s Android Pay service added support for PayPal, while last week Apple revealed that you could now pay for digital goods through Apple’s own stores using PayPal — though it stopped short of supporting PayPal payments through Apple Pay itself.
Samsung Pay is now fully available in 19 markets, having launched in its native South Korea back in August 2015 — before landing in the U.S., China, Spain, and a number of markets across Europe, Asia, and Latin America.
Samsung and PayPal have actually partnered in the past, starting with the launch back in 2014 of the Galaxy S5 smartphone that integrated fingerprint authentication into the device for seamless PayPal payments online and in-store. It was this tie-up that reportedly led to Apple omitting PayPal from the launch of Apple Pay shortly after.
Additionally, Braintree, a PayPal subsidiary that helps power online and mobile payments for ecommerce companies, will also support Samsung Pay, thereby extending Samsung’s payments reach to more merchants if they add just a few lines of code to their websites and apps.
“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 PayPal COO Bill Ready. “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.”
Neither Samsung or PayPal would confirm when the integration will be rolled out, but we do know that PayPal payments will initially be limited to Samsung Pay users in the U.S., before being extended to other markets shortly after.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more