Samsung Electronics Explicitly Lists Stablecoin in Samsung Wallet Payment Partnerships

Samsung Electronics' U.S. subsidiary has confirmed it is explicitly listing stablecoin in the payment partnership sector of Samsung Wallet and actively recruiting personnel for business development roles.

The company's job posting, dated August 18, seeks a Senior Manager (Business Development) to lead Samsung Wallet's payment operations in New York. The position involves driving Samsung Wallet's vision, strategy, and execution, with specific responsibilities including developing partnerships with card issuers, payment providers, fintech companies, and notably stablecoins (Stablecoin) and buy now, pay later (BNPL) services.

The role entails leading business development and market launch strategies for Samsung Wallet's payment partnerships, managing existing partnerships, negotiating contracts covering commercial terms, data usage, and product requirements with partners, and collaborating with product teams to introduce new features. It also includes coordinating with marketing, analytics, and legal teams on market launch plans.

This follows Samsung's July announcement at Galaxy Unpacked, where it disclosed plans to support stablecoins through Samsung Wallet. The company had previously announced its partnership with Barclays and Visa for the 'Galaxy Card' in the U.S., as detailed in Samsung Business Insights from the event.