Published: Mon, July 17, 2017
Sci-tech | By Carrie Guzman

MobiKwik Partners Samsung Pay For 'One-Tap' Payment Solutions

MobiKwik Partners Samsung Pay For 'One-Tap' Payment Solutions

Moving into the next phase of new and innovative services for Samsung Pay, we are delighted to have MobiKwik on board as a partner.

MobiKwik wallet is now integrated with Samsung Pay Mini which allows users to make payments with "one-tap" at more than 1.4 million MobiKwik- powered merchants across the country, said the digital payments firm in a statement. Samsung Knox offers a tight level of security, and though Android Pay brought PayPal support a few months ago, it's not as widely accepted as Samsung Pay - thanks to the MST hardware inside its phones, Samsung Pay can be used virtually anywhere a debit or credit card is accepted. In April, PayPal announced a deal with Android Pay that's almost identical to the one it just made with Samsung.

PayPal says: "Coming soon, consumers in the United States will be able to use PayPal within Samsung Pay at millions of retailers".

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Additionally, Samsung Pay will be available via Braintree Direct, allowing merchants to accept Samsung Pay as a payment method.

Samsung has launched a "Mini" version of the platform that integrates UPI and mobile wallets to work on mid-range smartphones. 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 adding PayPal to Samsung Pay, we will combine Samsung's ubiquitous payment solution with PayPal's seamless and secure mobile wallet - delivering easy access to a simple, secure payment experience". MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader, allowing Samsung Pay to work nearly anywhere cards are accepted.

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