Samsung and PayPal joined forces

Samsung’s mobile payment service “Samsung Pay” will partner with PayPal, the world’s largest online payment platform, to expand its customers.

According to Samsung Electronics on July 17, Samsung Pay cut a strategic partnership deal with PayPal and decided to link PayPal accounts to the Samsung Pay mobile payment platform. Via this strategy, Samsung Pay will expand its customer base by partnering with PayPal, which is used by more than 200 million people, and PayPal will generate synergies by expanding offline payment areas. (privatbankar.hu)