Today, Samsung Electronics announced the upcoming rollout of its new 'Tap to Transfer' feature for Samsung Wallet. It will launch later this month in the United States first, so there is no word on the global launch yet, but here's what we know about the feature so far.
Tap to Transfer was designed to streamline peer-to-peer (P2P) payments, offering Galaxy users a faster and convenient way to share expenses. This includes splitting a bill or paying back a sum of money to a friend or family member. With this feature, users can send and receive funds simply by tapping their devices.
In addition, Samsung also made a new partnership with Visa and Mastercard, allowing users to send money directly to friends’ and family members’ bank accounts using a stored debit card. Samsung also said that even users without a digital wallet can receive funds, as long as they possess a physical debit card with tap-to-pay functionality. Remate transfers can be done as well, simply by searching for a contact's Samsung account via a phone number.
As mentioned earlier, Samsung has not announced a global release for the new Tap to Transfer feature yet. So until then, we just have to wait and see if the company does. Stay tuned for more trending tech news at TechNave.com.
COMMENTS