Mobile wallet Mobikwik has announced its association with Samsung Pay, through which the wallet is integrated with Samsung Pay Mini to enable one-tap payments at merchants using Mobikwik. Samsung Pay now supports payments through PayPal in-store, on the web and in-app. The next month, PayPal announced they were adding Venmo as a payment option within their own service, and today it looks like they're making their way to Samsung Pay as well. In addition to the US, Samsung Pay is now available in 17 more markets, including South Korea, China, Russia, India, Spain, Australia, Brazil, Switzerland, Hong Kong, or the United Kingdom. Adding support for PayPal seems like a big win for users. You'll still continue to earn rewards through Samsung Pay as well.
PayPal and Samsung have had a strong partnership for several years now.
With millions of PayPal users out there with limited ways of using their funds in stores, this collaboration is hugely beneficial. What's more, PayPal Braintree support also means that online merchants will also support the payment option.
PayPal is the largest global payment platform that operates at scale on both the consumer and merchant side of the network. PayPal shares on hit an all-time high after the Apple partnership news was released.
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.
Accepted Almost Anywhere: Samsung Pay works with Near Field Communication (NFC) as well as with Samsung's patented Magnetic Secure Transmission (MST) technology.