Samsung has announced a partnership with PayPal to bring the electronic wallet to Samsung Pay. Users of Samsung Pay will soon be able to add their PayPal accounts and use it for transactions.
PayPal is one of the most widely used online wallets and it’s no surprise that Samsung has partnered with the company. Most online and e-commerce vendors accept and prefer PayPal transactions, although Samsung Pay will bring it to the real world. Allowing people to use their PayPal accounts for purchases at the counter.
As usual, the feature is being rolled out in the US first. However, the announcement from Samsung indicates that it will be looking to expand it to all 18 territories in which Samsung Pay is available (including Malaysia).
It’s not yet clear how this will work with multiple currencies. PayPal charges a substantial fee for converting currency, and most people tend to prefer to maintain US dollars in their accounts. Which is great for online shopping, and not necessarily useful for more local purchases.
Still, a PayPal option for Samsung Pay is the natural progression for both the companies. There is already a partnership with the Google Wallet; although that isn’t quite available in Malaysia just yet.