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Summary
- Samsung Wallet is introducing a Tap to Transfer feature for peer-to-peer payments using debit cards stored in the app.
- The feature allows users to send money in person by tapping their Galaxy phone against the recipient’s phone (using NFC) or even their physical tap-to-pay debit card. Remote transfers are also possible.
- Tap to Transfer will be available to all Samsung Wallet users in the USA later this month.
Samsung Galaxy devices offer alternatives to popular Google apps bundled with almost all Android smartphones. However, many of these Samsung apps aren’t as popular as those of Google because the majority of them are limited to Galaxy devices, or because they aren’t as functional. But that’s not to say that Galaxy-exclusive Samsung apps aren’t good. For example, Samsung Wallet, though limited to Galaxy devices, is well known for its convenience and feature-rich experience, so much so that many of us at Android Police don’t recommend deleting it from Galaxy phones.
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Now, in what looks to be an effort to make it even more indispensable, Samsung has announced a major upgrade to its wallet app, promising to introduce features that make sending money a lot easier. The company’s latest offering in Samsung Wallet is the new Tap to Transfer feature to ‘make peer-to-peer payments quick and convenient.’
Here is how Samsung’s Tap to Transfer feature for Samsung Wallet works
Samsung collaborated with Visa and Mastercard to let you use your debit card stored in your Samsung Wallet to send money to friends and family members’ bank accounts without the need for another app. There are two ways you can take advantage of the new Tap to Transfer capabilities if the recipient is nearby. Samsung Wallet can use NFC to connect to the recipient’s phone and send money to the person’s digital wallet, or even to someone who has only a physical debit card that supports tap-to-pay capabilities, without needing a digital wallet.
There are several benefits to these new payment capabilities, from allowing you to receive money from a group of friends to sending payments to someone not on your contact list by tapping their debit card onto your phone. However, two Galaxy phones don’t always have to be nearby to be able to send or receive payments. You can complete the money transfer remotely by searching for the person’s Samsung account.
As for availability, these new Tap to Transfer capabilities will be available for all Samsung Wallet users in the USA later this month. While they all sound super handy, we’ll have to wait till we get our hands on them to learn whether everything is as seamless as Samsung claims. In the meantime, check out which one you should choose between Samsung Wallet and Google Wallet if you have a Samsung phone.
