Samsung Electronics Co. said Monday it has clinched a strategic partnership with US online payment service provider PayPal for an expansion of its mobile payment services.
Samsung said it would begin the Samsung Pay service using PayPal first in the USA before gradually expanding it to other global markets.
Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.
US customers will receive the payment option now through an update, and Samsung hopes to spread the service to further geographic markets soon.
“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, in a statement.
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.
To increase its adoption in-store, PayPal previous year partnered with major stakeholders like Visa and MasterCard for store payments. In 2014, we worked with Samsung to enable mobile payments with just a fingerprint. This next phase of our relationship combines our reach and leadership in technology and mobile commerce, bringing more choices and functionality to our mutual customers.