The Samsung Wallet app is set to introduce new functionality later this year, bringing more convenience and flexibility to users. One major addition is Tap to Transfer, which will enable peer-to-peer payments. This feature lets you transfer money to another device by tapping yours against it, offering a quick and simple way to send funds.
Similar to Apple’s Tap to Cash, this feature is tailored for Android devices and will support third-party digital wallets. The process works by linking the payment to your associated debit card or account, rather than to your Samsung Wallet itself. Transactions will be handled through Mastercard and Visa, ensuring a secure and reliable experience. This approach makes it easy to send money, even if the recipient uses a different wallet service.
Another exciting feature Samsung is introducing is Instant Installment, a buy now, pay later service. While Samsung won’t be acting as a credit provider, this feature will allow users to break their purchases into installment payments. Samsung refers to this as “the first offline payment plan experience,” which will be available both in physical stores and online, and will support payments made with Visa and Mastercard credit cards.
Samsung Wallet will play a key role in helping users manage these installment payments. While the full details are still a bit unclear, it seems that Samsung will offer a way for you to keep track of your upcoming payments within the app. It’s unlikely that Samsung plans to compete directly with services like Klarna, so this may be more about providing a convenient overview of your installment schedule.
These features are expected to roll out around the end of March. We’ll update you with more information as it becomes available, but it’s clear Samsung is taking significant steps to enhance its Wallet app.
