Mobikwik ties up with Samsung Pay

Cesar Mills
July 17, 2017

The move will allow Samsung's mobile payment platform Samsung Pay to be linked to PayPal accounts, which paves the way for Samsung to expand its consumer base, according to Samsung.

The Samsung Pay tie-up is another example of PayPal's plan to increase adoption via partnerships and deals, rather than trying to out-compete its mobile payment rivals with an "us vs them" strategy.

Samsung Pay (OTCPK:SSNLF, OTC:SSNNF) adds PayPal (NASDAQ:PYPL) as an accepted payment method in the mobile payment system.

Samsung's mobile payments service was launched almost two years ago.

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To use the service either for online or offline payments, users must first register their PayPal accounts on Samsung Pay.

Importantly, this is not the same as getting a PayPal debit card and registering it with Samsung Pay. At PayPal, we've seen - and helped enable - a major shift to mobile.

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. By making it completely seamless to accept digital wallets like Samsung Pay, we're continuing to break down the barriers to checkout for our merchants.

To increase its adoption in-store, PayPal past year partnered with major stakeholders like Visa and MasterCard for store payments. 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.

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