Samsung, PayPal ink strategic partnership

Samsung, PayPal ink strategic partnership

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.

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. As the company said today, it processed $102 billion in mobile payment volume and two billion mobile payment transactions past year. Apple Pay comes in second at 4%, and Android Pay comes last at 1.1%.

Samsung said it would begin the Samsung Pay service using PayPal first in the U.S. before gradually expanding it to other global markets. Since Samsung's mobile payments service has MST and NFC support, it can work with nearly all card terminals in supported markets.

Samsung has forged a strategic partnership with players in 18 markets including the USA and Brazil over its mobile payment platform.

Peskov: we hope for U.S. political wisdom in Russian diplomatic property spat
The Trump administration has tied returning the compounds to Russian Federation if Moscow shows " acts of good faith " in Syria. The two superpowers are now clashing after the United States seized Russian diplomatic property in NY and Maryland.

According to a Boston Retail Partners survey on mobile payments released earlier this year, Apple Pay now has the largest percentage of supporting us merchants, with 36 percent accepting the technology, up from 16 percent the year before.

PayPal and Samsung have had a strong partnership for several years now.

"At PayPal, we are focused on creating the best mobile commerce experiences for our customers, and partnering with technology leaders, like Samsung, to create experiences that our millions of joint customers love and can utilize no matter where they shop", said PayPal COO Bill Ready. At PayPal, we've seen - and helped enable - a major shift to mobile. For instance, PayPal and Samsung worked together on mobile payments back in 2014, and was added as a payment method in Samsung smart TVs the following year.

Related News:

  • KEA CET 2017: Karnataka Common Entrance Test Second allotment result released

    KEA CET 2017: Karnataka Common Entrance Test Second allotment result released

    As per the rules of the counseling and allotment , candidates were required to chooses and take ownership of the options provided. Keep in mind that the last date for reporting to the allotted institute is July 2 (Friday), up to 5.30 pm.
    Speeding SUV crashes into roof of St. Louis home

    Speeding SUV crashes into roof of St. Louis home

    East Alton, IL (KTRS) The Major Case Squad is investigating the death of an East Alton man. Louis , Missouri , flew off of a hill and crashed on top of a roof on Sunday (16 July).
    Spurs want Barkley done before preseason tour

    Spurs want Barkley done before preseason tour

    However, the 23-year-old is still continuing his development and they should trust the judgement of their manager Pochettino. Will Spurs sign Ross Barkley? For many weeks now, Spurs have looked likely to sign Everton midfielder Ross Barkley .
  • Panasonic Launches P55 Max With 5000 mAh Battery

    Panasonic Launches P55 Max With 5000 mAh Battery

    Another highlight of the device is that it comes with a 13MP rear camera with Quad LED flash, a rarity in the price range. Panasonic has launched a new smartphone in India that has a massive 5,000 mAh battery and is priced economically.
    3 years on, families commemorate loved ones lost on MH17

    3 years on, families commemorate loved ones lost on MH17

    Russian Federation has denied the accusations and denounced the investigation's findings as politically biased. The monument is close to Amsterdam's Schiphol Airport, from which MH17 departed on its way to Kuala Lumpur.
    Technicals on Watch For iShares Core S&P 500 UCITS ETF USD (CSTNL)

    Technicals on Watch For iShares Core S&P 500 UCITS ETF USD (CSTNL)

    Thinking that something that has worked in the past will no doubt work in the future can be a recipe for portfolio disaster. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend.
  • Jason Gillespie considered applying for Indian cricket team's coaching job

    Jason Gillespie considered applying for Indian cricket team's coaching job

    Arun had earlier served as the national team's bowling coach during Shastri's stint as India team director during 2014-16. First, there was drama and confusion over the selection of the head coach of the Indian cricket team.
    Can Opec weather the storm over oil?

    Can Opec weather the storm over oil?

    United States crude rose more than 5.2% for the week while Brent rose more than 4.7%. OECD stocks are still 266 million barrels above the five-year average, the IEA said.
    Beautiful Beyonce and her twins - The interesting story behind her dramatic dress

    Beautiful Beyonce and her twins - The interesting story behind her dramatic dress

    Polemo and his team only found out that Beyonce was pregnant after the sample was already sent to her. The piece is made from vintage silk organza from an old couture textile shop in Córdoba, Spain.
  • Automatic Data Processing (ADP) Stake Cut by Nichols & Pratt Advisers LLP MA

    The company was reinitiated on Thursday, October 22 by Wells Fargo. (NYSE:PEP) on Thursday, April 14 to "Hold" rating. The stock of Automatic Data Processing (NASDAQ:ADP) has "Hold" rating given on Monday, January 30 by Stifel Nicolaus.

    Qatar hits out at UAE over Al Jazeera 'hacking'

    Global allies such as the United States are anxious that the row could affect coalition counter-terrorism efforts against Isis. It is not clear if the UAE government's intelligence agencies carried out the hack or hired contractors to do so.
    Several seriously injured after unmanned boat circles out of control

    Several seriously injured after unmanned boat circles out of control

    Effinger was later released on bond from the Steuben County Jail, according to Indiana DNR Law Enforcement, NBC News reported . Two people were flow by medical helicopter from the lake shore after being rescued by onlookers, according to the DNR.


Most liked

Coast Guard aircrew rescues three from capsized boat in Menlo Park
The Coast Guard rescued a mother and her ten-year-old daughter caught in rip tides near Baldhead Beach and Oak Island Saturday. Officials say the boat, a 32-foot-long recreational boat named Finale , burst into flames at some point before 10 a.m.

Were Analysts Bullish Exxon Mobil Corporation (NYSE:XOM) This Week?
Now Exxon Mobil Corporation's current price is $24.03 shy of the official highest sell-side analyst price target on Wall Street. Moreover, Seabridge Investment Ltd Liability Corp has 0.02% invested in Prudential Financial Inc (NYSE:PRU) for 890 shares.

WhatsApp testing in-app YouTube playback in latest beta
WhatsApp updates that are still on cards are live-location sharing, revoke/recall button, edit message feature and YouTube videos. But with the new update set to come in soon, things are looking really bright for the users of this text messaging platform.

Britain's young royals begin tour of Poland and Germany
William and Kate's trip is being taken at the request of their Foreign and Commonwealth Office as part of a diplomacy tour. They will head to Heidelberg and Berlin on Wednesday, and will visit Hamburg on Friday.

New 'Blade Runner 2049' Trailer Hits The Web
So I made peace with that. "I'll be there if you need me, otherwise I'll be away, '" Villeneuve said . The new trailer for the only sequel that matters this year has arrived.

Central Fiction adds Jubei as DLC this summer — BlazBlue
Today, during EVO 2017, BlazBlue developer Arc System Works announced a brand new fighting game: BlazBlue Cross Tag Battle . Well, considering that Arc System Works has its hands full with Dragon Ball FighterZ , we assumed it would be a while.

Equities Analysts Issue Forecasts for Carnival Corporation's Q3 2017 Earnings (CCL)
Corporation (VFC) stock price has gone up by 0.05% over the last 20 trading days, and its price is -14.31% below the 52-week high. It is positive, as 45 investors sold CCL shares while 198 reduced holdings. 87 funds opened positions while 185 raised stakes.

China flexing muscle? Frontline combat brigade holds 'live fire drills' in Tibet
The remarks, made by Chinese state media, comes days after New Delhi said it is using diplomatic channels to resolve the issue with Beijing in a "peaceful manner".

Trump's approval rating is 50 percent in counties that voted for him
Trump, who has spent the weekend at his private golf club in Bedminster, New Jersey , attempted to downplay the poll's findings. Forty-eight percent say America is weaker than it had been before Trump took office, with only 27 percent saying it's stronger.

Microsoft may strand some Windows 10 users on unsupported Anniversary Update
Now the error to download new version occurs when users try to install Creators Update on an HP Envy X2. Microsoft has cut support for select 2-in-1 PCs sold in 2013 and 2014, ZDNet reported .

NASA's spectacular flyover video transports you to Pluto
The space probe is now venturing further into the Kuiper Belt , a huge area containing "objects", mostly composed of ice. The spacecraft will on January 1, 2019 will get closer to a Kuiper Belt object known as 2014 MU69 , NASA said.

At least 8 dead in Arizona flash flooding
Four people were rescued by helicopter crews Saturday and were treated at a nearby hospital for hypothermia. Visitors are reminded to be vigilant about the weather, he said. "We got a lot worse news".

Woj reports Blazers interested in trade for Carmelo Anthony — NBA rumors
The decision for GM Daryl Morey? "There hasn't been a day that's gone by that me and James haven't talked", Paul said. The average price of a haircut and beard trim among the top 10 Houston barbershops on Yelp sits at about $37.

Emirates and flydubai to work more closely together
It adds that the two sides are discussing various additional network and customer initiatives including frequent-flyer alignment.

China's economic growth holds steady despite slowdown fears
Gross domestic product ( GDP ) accelerated at an annualized 6.9% in April-June, the National Bureau of Statistics said. Chinese economic growth topped expectations yet again in the June quarter with GDP expanding 6.9% from a year earlier.