Almost like Apple Wallet: Samsung adds instalments and user-to-user payments with Tap-to-Transfer to Samsung Wallet in the US
Along with the launch of the Galaxy S25 series, Samsung announced a number of software updates that may have been overlooked during the main presentation. Samsung has announced a new feature for its Samsung Wallet app - Tap To Transfer, which will allow users to make direct transfers to other Samsung Pay users.
Here's What We Know
The feature will be available in the United States.
Tap To Transfer works on the principle of "touch to touch" - to transfer money, you just need to put one phone to another. The feature uses NFC technology rather than QR codes and is already available in South Korea.
Samsung Wallet. Illustration: GSMArena
Interestingly, this option is not limited to Samsung Pay. Tap To Transfer will also support third-party digital wallets, as transfers are linked to accounts and debit cards, not to Samsung Pay itself. Transactions are processed via Mastercard or Visa.
If the feature works as advertised, it could surpass Apple's Tap To Cash system.
Samsung Wallet will receive Instant Installment
In addition, Samsung Wallet will also receive a new Instant Installment feature - a "buy now, pay later" service. It will work with Mastercard and Visa credit cards and allow you to make purchases in offline stores by instalments.
Both new features will be available in the US after the launch of the Galaxy S25, tentatively in the second quarter of this year. They may also be available on older Galaxy models via a software update.
Source: SamMobile
