Samsung is teaming with PayPal for mobile payments on a watch

Gigaom

In the wake of Apple Pay coming to the Apple Watch early next year, Samsung is working on its own mobile payment strategy. And instead of going it alone, it has a highly motivated partner: The company is working with PayPal to bring secure mobile payments to the wrist.

PayPal fingerprint

Business Korea pointed out the effort and added Synaptics to the mix, whose technology may be used for fingerprint authentication, according to a Samsung executive:

We are currently developing the smart watch equipped with fingerprint identification technology and relevant solutions through cooperation with PayPal, the world’s most renowned financial transaction service company, as well as Synaptics, a global company specialized in biometric verification. By the earliest, the third generation smart watch to be released early next year will have this new system in which payment is authorized immediately when users identify themselves through biometric sensors such as a fingerprint or login.

The…

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