MobiKwik Partners Samsung Pay For 'One-Tap' Payment Solutions
17 July, 2017, 20:28
Samsung Electronics today announced an expanded strategic partnership with PayPal Holdings, Inc., adding PayPal as a payment method within Samsung Pay wherever Samsung Pay is accepted - in-app, online and in-store. Customers will also still receive Samsung Pay benefits like rewards points and gift cards.
PayPal said in a statement: "In addition to enabling consumers to pay with PayPal inside of their Samsung Pay wallets, we're also able to allow merchants to accept Samsung Pay". Apple Pay comes in second at 4%, and Android Pay comes last at 1.1%.
Coming soon, consumers in the USA will be able to use PayPal within Samsung Pay at millions of retailers. "By making it completely seamless to accept digital wallets like Samsung Pay, we're continuing to break down the barriers to checkout for our merchants".
PayPal is focused on delivering seamless mobile commerce experiences and extending this reach through strategic partnerships. Currently, Samsung Pay is available for users of devices like Samsung S8, Samsung S7 Edge, S7, J7 Max and J7 Pro among others. In April, PayPal announced a deal with Android Pay that's almost identical to the one it just made with Samsung.
Samsung has launched a "Mini" version of the platform that integrates UPI and mobile wallets to work on mid-range smartphones.
"The partnership will help provide customers with various mobile payment services", said Rhee In-jong, the chief technology officer of Samsung's Mobile Communication Business.
Simple: To make a payment with Samsung Pay, simply swipe up from the home button, scan a fingerprint or verify with iris scanning1 (which can be different from the authentication registered to unlock the device), and tap the back of the phone on a POS machine. Now consumers will be able to make payments easily on Samsung's budget and mid-range phones.
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