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Mark Peters : July 22th 2017 - 09:10 CET

Samsung strategic partnership with PayPal Holdings


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SamsungSamsung Pay allows users to Pay with PayPal via Braintree : Samsung Electronics recently announced an strategic partnership with PayPal Holdings, adding PayPal as a new payment method within Samsung Pay. PayPal payments will be available for Samsung Pay users in the United States and will soon expand to other countries around the globe. In addition, retailers and merchants will be able to accept Samsung Pay as payment method in-app and online through Braintree. This strategic partnership between Samsung and PayPal will benefit all customers using the new service functionality. This strategic partnership will benefit all customers of Samsung Pay and PayPal.
Samsung Pay PayPal Braintree

Samsung mobile payments
PayPal users will now be able to use their electronic wallet for offline payment transactions at millions of merchants where Samsung Pay is currently accepted, while Samsung Pay customers can leverage PayPal’s Braintree assets for easier online checkout.

Thanks to Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technology, Samsung Pay is the best mobile payment platform on the global market. With the integration of PayPal wallet, customers can continue to use Samsung Pay in the most convenient way possible.

Users simply add their PayPal account to Samsung Pay, and can then spend the balance anywhere Samsung Pay is accepted. Users will also benefit from Samsung Pay’s unique value-added services, including gift cards, membership and loyalty cards.

Braintree Direct payment solution
Samsung Pay will be available via Braintree Direct, allowing merchants to accept Samsung Pay as a payment method. Merchants will be able to easily integrate Samsung Pay, offering their customers greater flexibility in how they pay and reducing friction through faster and more secure checkout experiences.

Samsung
"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. We are excited to be partnering with PayPal, one of the largest payment platforms in the world, to offer our global consumers a richer mobile wallet experience. This partnership furthers our commitment to providing customers with a more convenient payment experience that is simple, secure and available almost anywhere."

PayPal
"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 Bill Ready, PayPal’s Chief Operating Officer. "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."




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