Samsung Pay Partners With Finablr

Suzat

October 6, 2019 8:03 pm

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South Korea based mobile payments service provider Samsung Pay (Samsung) has partnered with Finablr a payments platform as well as Ripple’s RippleNet member. The collaboration aims to offer cross-border payments feature Money Transfer to its app’s users.

According to Finablr’s announcement, the new feature will offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet. However, United States-based Samsung Pay users are allowed to use their debit or credit cards to send money via the service.

The announcement also includes that all the fees and exchange rates are included upfront which would allow users to know in advance what they will be paying. The system’s security also employs tokenized credentials backed by Samsung Knox. 

Sang Ahn, the vice president and head of content and services division at Samsung Electronics America, stated:

“Money Transfer is a 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.”

Recently, Samsung has finally included bitcoin features to the developer kit (SDK) for various S10 modes such as S10e, S10, S10+, and S10 5G as well as Note10 and Note10+ devices. The android users can link blockchain addresses to the Blockchain Keystore, sign crypto transitions and as well as check the status. Canada, Germany, South Korea, Spain, Switzerland, the U.S., and the U.K. citizens are only currently able to use the feature.

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