PayPal and Samsung to improve mobile payment technology in Galaxy S5

25 February 2014

Payment provider PayPal has joined forces with electronic giant Samsung to develop a new way for consumers to make purchases through their smartphones.

At the Mobile World Congress event in Barcelona, Samsung revealed that the new Galaxy S5 smartphone will include a fingerprint scanner that can be used to authorise PayPal transactions online.

The fingerprint scanner is similar to that used in the latest Apple iPhone, but is compatible with the wider internet, a first for the technology.

Samsung suggested that the technology could lead to “the end of usernames and passwords”.

PayPal has released a video to show off the fingerprint authentication process.

Customers will be able to make use of the technology from around April this year in 26 markets around the world, when the S5 is expected to be released.

The initial markets to make use of the technology for mobile payments include the US, UK, Australia, Brazil, Hong Kong, and Russia.

By Claire Archer

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