Dateline: Checkout.com, partnership, 19 October 2026

Checkout.com, the London-based payments processor, announced a global partnership with Samsung Electronics on 19 October 2026, extending its processing from Samsung Gulf Electronics in the Middle East and North Africa to Samsung.com and the Galaxy Store in the EU and North America, and adding Samsung Pay to its Flow checkout integration from 31 October. Fintechbits divided Checkout.com’s $750 million of annualised net revenue by the $480 billion of payment volume it expects for 2026, a net take rate of roughly 0.16%, which explains why a high-volume Checkout.com Samsung partnership matters more for scale than for margin. Neither company disclosed volumes or pricing.

What the Checkout.com Samsung partnership covers

The deal has two parts. The first is that Checkout.com will process payments for more of Samsung’s own digital storefronts. According to the Checkout.com announcement, it already processes for Samsung Gulf Electronics, supporting Samsung.com across MENA, and will extend support to additional markets in the EU and North America across Samsung.com and the Galaxy Store. Samsung will use Intelligent Acceptance, Checkout.com’s AI-based optimisation engine, which the company says uses real-time network data to reduce payment failures.

The second is that Samsung Pay will launch on Flow, Checkout.com’s low-code payments integration, on 31 October. That gives Checkout.com’s existing merchants a way to add Samsung Pay as a wallet option for online and in-app checkout. Checkout.com says Samsung Galaxy phones have more than 1 billion users.

Woncheol Chai, executive vice president at Samsung Electronics, said Samsung needs payment infrastructure that can scale across markets. Antoine Nougué, Checkout.com’s chief revenue officer, said combining acquiring with Intelligent Acceptance and Flow gives Samsung more flexibility.

The numbers behind Checkout.com

Checkout.com put its own scale in the release: more than 1,700 enterprise merchants, $750 million in annualised net revenue growing 28% year over year, and US processing volumes up more than 120% year to date. Its 29 September results announcement added that group payment volume is expected to reach $480 billion for 2026 and adjusted EBITDA about $150 million. The two figures cover slightly different periods, so the 0.16% take rate is an approximation, but it is a useful one.

Fintechbits analysis

Fintechbits analysis

Why Samsung is a volume win more than a margin win

A net take rate of around 0.16% means Checkout.com keeps roughly 16 cents of net revenue for every $100 it processes. At that level, a large merchant with good card mix and low fraud adds profit mainly through volume, and Samsung’s own storefronts sell high-ticket phones and electronics. Most of the value to Checkout.com comes from the volume Samsung could route through it, since the margin on each transaction is small.

The logo also matters for Checkout.com’s enterprise sales story. Fintechbits covered its Best Buy marketplace deal on 8 September, and the release lists Microsoft and Spotify among recent partners. Samsung extends that run into consumer electronics in Europe and North America, including the US, which Checkout.com says is its fastest-growing region.

The Samsung Pay part is the more distinctive piece. Most processor and wallet tie-ups involve Apple Pay and Google Pay, which merchants expect by default. Adding Samsung Pay through Flow gives Checkout.com a small product difference to sell, and gives Samsung a route into merchants’ checkouts that it could not easily get alone.

My hesitation is that the release does not say whether Checkout.com becomes Samsung’s main acquirer in Europe and North America or one of several. Large merchants often split traffic across several processors, and “extend its support” fits either reading. Fintechbits also covered Checkout.com going live with direct US card acquiring under its Georgia merchant acquirer charter in September, which removes a third-party acquiring bank and should help Checkout.com’s economics on large US merchants such as Samsung.

Frequently asked questions

What does the Checkout.com Samsung partnership include?

Checkout.com will extend payment processing from Samsung Gulf Electronics in MENA to Samsung.com and the Galaxy Store in the EU and North America, using its Intelligent Acceptance optimisation. Samsung Pay will also launch on Checkout.com’s Flow integration on 31 October.

When will Samsung Pay be available on Checkout.com Flow?

Checkout.com says Samsung Pay will launch on Flow on 31 October, letting existing merchants add it as a wallet for online and in-app checkout. Samsung Galaxy phones have more than 1 billion users, according to the release.

How much does Checkout.com earn on the volume it processes?

Fintechbits divided Checkout.com’s $750 million of annualised net revenue by the $480 billion of payment volume it expects for 2026, which gives a net take rate of roughly 0.16%. That makes high-volume merchants such as Samsung valuable mainly for scale.

What to Watch Next

The 31 October Samsung Pay launch on Flow is the first concrete milestone. After that, the question is which Samsung storefronts in the EU and North America move to Checkout.com and how quickly. If Checkout.com’s full-year 2026 update reports payment volume at or above the $480 billion target, part of the credit may go to Samsung. If Samsung only routes a slice of its traffic, the logo will be worth more than the volume.

Why this matters

Fintechbits divided Checkout.com’s $750 million annualised net revenue by its expected $480 billion of 2026 payment volume, a net take rate of roughly 0.16%. The Samsung partnership extends Checkout.com’s processing from MENA to Samsung.com and the Galaxy Store in the EU and North America, and adds Samsung Pay to Flow from 31 October. On thin margins, large merchants matter for volume. The open question is whether Checkout.com becomes Samsung’s main acquirer or one of several.

Primary sources

checkout.com | COMPANY STATEMENT | https://www.checkout.com/newsroom/samsung-electronics-and-checkout-partner-on-digital-payments-and-samsung-pay

checkout.com | COMPANY STATEMENT | https://www.checkout.com/newsroom/checkout-com-reaches-750m-in-annualised-net-revenue-for-2026-and-increases-profitability