Tech giant Samsung has teamed up with UK-based payment and Ripplenet member Platform Finablr to render cross border Payment feature Money Transfer to its customers in a press release published on October 3, 2019.
According to the announcement, both Samsung and Finablr plan to add a new feature to the Samsung Pay mobile app. It’s called Money Transfer and will allow people to send money to 47 countries using a variety of payment options.
The post explained that “Samsung Pay users in the U.S. can use their existing eligible pre-registered debit or credit cards in Samsung Pay to safely and securely send money in most major currencies to their recipients via Finablr’s global network”.
“Our consumers are global and have friends and family around the world. Samsung is excited to enable users to send money from the US to the rest of world by making it simple, secure and transparent,” said Sang W. Ahn, Vice President & Division Head, Content & Services, Samsung Electronics America.
Adding that“Money Transfer is the first step in our vision to evolve Samsung Pay into a platform that makes users’ financial lives more convenient. The range of services in Samsung Pay, developed in close collaboration with industry leaders such as Finablr, positions us to positively impact consumers’ everyday financial experiences.”
The Group Chief Executive Officer at Finablr Promoth Manghat commented that Finablr is delighted to have teamed up with Samsung. The Money Transfer in Samsung pay is currently available in US.