Today, we took another step to bring PayPal to more customers by expanding our partnership with Samsung to enable PayPal as a payment method in Samsung Pay wherever Samsung Pay is accepted -in-store, online, and in-app.
The partnership will connect Samsung Pay with PayPal accounts, paving the way for Samsung to further expand its user base. PayPal's Braintree Direct service also supports Samsung Pay now, which makes it easier for the merchants to receive it as a form of online payment. For offline payments, they can swipe up from the bottom of their phone screens to select either a registered card or PayPal. "The introduction of Samsung Pay is another significant milestone in MyState's strategy to use the latest online and digital technology to provide customers with an exceptional experience".
Samsung Pay has more than 870 bank partnerships worldwide and there has been more than 240 million transactions processed over the past year and a half. ANZ customers can now benefit from Samsung Pay's unique features, such as our three-layered security system, and can enjoy using the service anywhere you can pay with a contactless credit or debit card.
This is not the first time PayPal and Samsung partnered with each other.
With this deal, Samsung is providing its Samsung Pay users more freedom whereas this partnership will make PayPal stronger to compete with its rivals such as Apple Pay. The following year, PayPal was added as a payment method within Samsung Smart TVs. "We are excited to be partnering with PayPal, one of the largest payment platforms in the world, to offer our global consumers a richer mobile wallet experience".