Samsung Electronics America announced that starting later this month, Samsung Wallet’s new Tap to Transfer1 feature will make peer-to-peer (P2P) payments quick and convenient in the U.S.
„Whether you’re paying a friend back for buying group tickets or sending them your portion of the dinner bill, stressing over how to pay for shared expenses is a thing of the past. Now, funds arrive within minutes,2 meaning you no longer need to wait for funds to transfer between bank accounts — all it takes is a tap to transfer.” – according to the press release.
Through Samsung’s collaboration with Visa3 and Mastercard,4 you can use a debit card stored in your Samsung Wallet to send money to friends and family members’ bank accounts without needing to download an additional app. Instead, Samsung Wallet uses NFC technology to connect to the recipient’s debit card stored in their digital wallet.
Plus, you can even transfer money to people without a digital wallet as long as they have a physical debit card with tap-to-pay capabilities. It works by Samsung Wallet connecting to the chip in their debit card, just like when paying in a store.
If you want to send money to a Samsung Wallet but they aren’t nearby, you can easily find their Samsung account by searching their phone number and completing the transfer remotely.
“Samsung Wallet is a powerful tool readily available on millions of Galaxy smartphones, and with this update, we’re taking the experience to the next level,” said Drew Blackard, Senior Vice President of Mobile Product Management at Samsung Electronics America. “Many users want the flexibility to accomplish their most frequent and important tasks on their mobile device. Samsung Wallet will help make payments to friends and family quick and convenient.”
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
