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Samsung and PayPal partnership to integrate services

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Tinuku ~ Samsung Group and PayPal Holdings, Inc. form an important strategic partnership. Samsung Electronics has announced that it has established a PayPal relationship allows Samsung Pay users to make payments via apps and in-store using Braintree's payment platform. Two technology giant companies said new services would be available in the United States and would soon be extended to global markets.

Tinuku Samsung and Paypal partnership to integrate services

The Seoul-headquartered company says a new partnership with the San Jose headquartered company. Samsung Pay will be accepted as a payment method in PayPal and Braintree, an online payment provider company headquartered in Chicago, which PayPal acquired in 2013.

"We are proud of the open partnership and collaboration model that helps us deliver the best experience to our customers. We are excited to partner with PayPal, one of the world's largest payment platforms," said Rhee In-jong, Samsung Mobile's chief technology officer.

"The service offers to our global customers, a wider mobile wallet experience. This partnership goes beyond our commitment to providing more simpler, secure, and available payment experience anywhere," In-jong said.

Samsung expects the partnership will bring more benefits to 200 million Samsung Pay users. Customers will use Samsung Pay to access and use PayPal's wallet in millions of stores. PayPal also expressed hope that strategic partnerships will create synergies.

"We are focused on creating the best mobile commerce experience and partnering with technology leaders, such as Samsung, to create an experience for millions of users and use wherever they shop," said Bill Ready, PayPal's chief operating officer.

"By adding PayPal to Samsung Pay, we will combine Samsung's payment solution anywhere with PayPal's mobile wallet smoothly and securely, giving easy and secure easy access to payments," Ready said.

Users only add their PayPal account to Samsung Pay and spend their balance wherever Samsung Pay is received. Samsung also said users will continue to benefit from Samsung Pay's unique value added services, including gift cards and membership loyalty programs.

Samsung's mobile payment system launched in August 2015 and is available in 18 markets are USA, China, Spain, Singapore, Australia, Puerto Rico, Brazil, Russia, Thailand, Malaysia, India, Sweden, United Arab Emirates, Switzerland, Taiwan, Hong Kong, United Kingdom and South Korea.

"Samsung's sophisticated technology pushes Samsung Pay into the most widely accepted mobile payment platform on the market and works virtually anywhere. Now PayPal's wallet integration allows customers to use Samsung Pay in the easiest way," In-jong said.


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