Today, we’re thrilled to share that PayPal is a payment option across the Samsung ecosystem. From enabling consumers to pay for their favorite apps, e-books and more in the Samsung Apps and Hub stores to paying Samsung Apps developers across the globe, PayPal is the safer and easier way to get pay and get paid for purchases on mobile devices.
We’ve been working with developers since 2009 to help monetize their applications. Since then, hundreds of thousands of developers from around the world have been paid easily and securely with PayPal. We are excited that we are now available as a payout option for Samsung Apps developers. Instead of waiting several days for wire transfers, Samsung Apps developers can now get paid quickly and securely through PayPal, gaining access to 132 million PayPal customers around the world.
When it comes time to make payments, people want fast, easy and choice across any connected device. That’s why we’re making it easier for Samsung Apps and Samsung Hub users to pay for their apps, music, movies, TV shows, e-books and games. Samsung Apps and Samsung Hub consumers can simply authenticate with PayPal to make a purchase. In a few seconds, they can start downloading their favorite TV show or book without the burden of entering their credit card or address information.
When it comes to making payments, people want their transactions to be safer and easier. In just a few years, we’ve witnessed the rapid growth in mobile payment transactions. In fact, PayPal's mobile payment volume increased from $141 million in 2009 to $14 billion in 2012. This year, we expect to reach $20 billion in mobile payment volume.
PayPal is available as a payout option for Samsung Apps developers globally and available as a payment option for Samsung Apps and Samsung Hub in nine markets including Australia, Italy, France, Germany, Malaysia, Singapore, Spain, U.K. with the U.S. coming soon. To learn more about Samsung Apps and Samsung Hub and sign up for a PayPal Account, go here.