Samsung Will Soon Let You Send Payments to Other Digital Wallets With a Tap
If you have a Samsung Galaxy phone, you’ll soon be able to instantly send money to friends and family simply by pairing your devices. The new peer-to-peer payment feature transfers funds from debit cards in your Samsung Wallet to cards stored in the recipient’s digital wallet or physical Tap-to-Pay card.
This feature will be available to Samsung Wallet users in the US later this month.
How Samsung Wallet “Tap to Transfer” works
Samsung’s new “Tap to Transfer” feature uses NFC technology to connect to debit cards in any digital wallet. This means you can send cash even if the recipient uses another third-party app (like Apple Wallet or Google Wallet) or only has a physical debit card. Additionally, you can transfer money to other Samsung Wallet users by searching their phone number if they are not nearby to click.
Tap to Transfer has several advantages. First, it doesn’t require everyone to use the same peer-to-peer payment service like Venmo or Cash App, making it easier in situations like splitting dinner bills to transfer money to everyone in the group and eliminating the hassle of signing up for a new app. It also deposits funds into linked bank accounts in minutes (depending on the bank), so you don’t have to wait days or pay fees for instant transfers. (Please note that the debit card in your Samsung Wallet must be Visa or Mastercard for this feature to work.)
Samsung Wallet, like Apple Wallet and Google Wallet, allows users to store everything from payment cards and ID cards to loyalty cards and digital keys, concert tickets and boarding passes. Apple also has a peer-to-peer payment feature called Tap to Cash, but both users must have compatible iOS or watchOS devices with Apple Cash already set up.