Samsung has announced that its mobile payments services, Samsung Pay, now supports PayPal payments in-store, on the web, and in-app - basically anywhere that Samsung Pay is accepted. It works anywhere Samsung Pay works, which is most payment terminals in the world thanks to Samsung's combo of NFC and MST technology. For offline payments, they can swipe up from the bottom of their phone screens to select either a registered card or PayPal.
Samsung said it would begin the Samsung Pay service using PayPal first in the United States before gradually expanding it to other global markets. Currently, Samsung Pay is available for users of devices like Samsung S8, Samsung S7 Edge, S7, J7 Max and J7 Pro among others.
According to a Boston Retail Partners survey on mobile payments released earlier this year, Apple Pay now has the largest percentage of supporting USA merchants, with 36 percent accepting the technology, up from 16 percent the year before.
To increase its adoption in-store, PayPal a year ago partnered with major stakeholders like Visa and MasterCard for store payments. And in April 2017, PayPal said it would work with Android Pay as well, to support both mobile payments in apps and those in brick-and-mortar retailers. At PayPal, we've seen - and helped enable - a major shift to mobile.
Samsung's mobile payments service was launched almost two years ago. In 2014, we worked with Samsung to enable mobile payments with just a fingerprint. Today, it's adding something that isn't a card-PayPal accounts.