Samsung Wallet will get peer-to-peer payments, buy now pay later | Infinium-tech
The Samsung Wallet app is getting some new functionality later this year. First, it will support peer-to-peer payments. This will be called Tap to Transfer, and it will let you transfer money by simultaneously tapping on that device and your device.
Think of it like Apple’s Tap to Cash, but for Android and with support for built-in third-party digital wallets. This will work because it will be linked to the associated debit card or account, not your Samsung Wallet. So the transactions themselves will be handled through MasterCard and Visa.
Next up, Instant Installment – Samsung’s buy now, pay later plan. This will not make Samsung a credit provider, but will instead facilitate your purchases and turn your payments into “the first offline payment plan experience,” available in brick-and-mortar stores or online, and with Visa and Will Work. Mastercard Credit Card.
Samsung Wallet helps you manage payment plans on your device. If you’re confused about what exactly it is, we’re confused too. It’s safe to say that Samsung isn’t going to compete with companies like Klarna, so perhaps it will just provide a way for you to see your upcoming installment payments in the app? We’ll let you know when we know more – and there’s still some time to go before these features are implemented in or around the end of March.
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