PayPal inks partnership deal with Samsung Pay

PayPal inks partnership deal with Samsung Pay

Samsung Electronics Co. said Monday it has clinched a strategic partnership with USA online payment service provider PayPal for an expansion of its mobile payment services.

As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country, the digital payments firm said in a statement.

US customers will receive the payment option now through an update, and Samsung hopes to spread the service to further geographic markets soon. Currently, Samsung Pay is available for users of devices like Samsung S8, Samsung S7 Edge, S7, J7 Max and J7 Pro among others.

Amazon signals that it wants in the meal-kits business
Blue Apron holds the title as the largest meal-kit provider in the USA , followed by German-based HelloFresh. You be the chef." - leaves little question about the market that the e-tail juggernaut is gunning for here.

PayPal has made a series of deals over the previous year aimed at giving its mobile wallet more exposure for direct checkout. "Additionally, users will continue to benefit from Samsung Pay's unique value-added services, including gift cards, membership and loyalty cards". The deal also lets customers use their Discover account via PayPal for online and in-person purchases.

"Users simply add their PayPal account to Samsung Pay, and can then spend the balance anywhere Samsung Pay is accepted", the South Korean tech giant said in a press release. In April, PayPal announced a deal with Android Pay that's almost identical to the one it just made with Samsung. All you need to do is sign in with PayPal in the app, and you can make payments directly from your PayPal wallet.

"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.

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