Samsung Pay partners with PayPal


MobiKwik's mobile wallet will also be available soon to Samsung Pay users, it added. In addition, through Braintree, a PayPal service, merchants will be able to accept Samsung Pay as a method of payment in-app and online.

US customers will receive the payment option now through an update, and Samsung hopes to spread the service to further geographic markets soon.

PayPal has inked a partnership with Samsung's mobile wallet Samsung Pay that will help expand PayPal's presence in brick-and-mortar stores. Apple Pay comes in second at 4%, and Android Pay comes last at 1.1%.

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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.

"Samsung Pay in partnership with PayPal will provide more abundant mobile wallet experiences to users", said Rhee In-jong, Samsung Mobile's chief technology officer. Sanjay Razdan, director, Samsung Pay Business, Samsung India, said, "We are enthused by the tremendous response Samsung Pay has received since its launch, both from our consumers as well as partners". Previous year alone, PayPal processed $102 billion in mobile payment volume and two billion mobile payment transactions. PayPal shares on hit an all-time high after the Apple partnership news was released. In 2014, we worked with Samsung to enable mobile payments with just a fingerprint.

We will continue forging new collaborations with leaders across the tech and financial worlds to expand the reach of our products, explore new contexts, increase conversions for our merchants, create better mobile experiences and give our consumers the flexibility, security and speed that digital payments can offer.