Report: Samsung partnering with PayPal on smartwatch payment

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Samsung, never one to shy way from new products, is planning to unveil a payments-enabled smartwatch, according to a report in Business Korea.

The company is said to partner with PayPal in building this capability into a new watch. According to the report ,Samsung will show off the device at Mobile World Congress in March 2015.

PayPal is anticipating a battle with Apple Pay in the mobile payments arena. In fact, it recently went on the offensive not long after the Apple Watch announcement, taking out a full-page New York Times ad mocking Apple's nude selfies scandal.

The rumored Samsung watch would use fingerprint authentication technology, another move to win over increasingly privacy-conscious consumers.

Samsung has already cranked out several smartwatches running both its Tizen operating system and Android Wear. 

If this deal with PayPal comes to fruition it likely won't sit well with Google, which continues to push the use of Google Wallet for digital payments.

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