The Samsung Wallet app is getting some new features later this year. First of all, it will support peer-to-peer payments. It will be called Tap to Transfer and will allow you to transfer money to another device by tapping your device together.
Think of it as Apple’s Tap to Cash app, but for Android and with built-in support for third-party digital wallets. This will work because it will be linked to the associated debit card or account, not Samsung Wallet. Thus, the transaction itself will be carried out through Mastercard and Visa.
Next, Instant Installment – Samsung Buy Now, Pay Later. This won’t make Samsung a credit provider that offers loans, but it will make your purchase easier and make your payments the “first offline payment plan experience.” It will be available in brick-and-mortar stores or online and will work with Visa and Visa. Mastercard credit cards.
Samsung Wallet helps you manage your payment plan on your device. If you’re confused about what exactly that is, so are we. It’s safe to say Samsung won’t be competing with the likes of Klarna, so maybe it will offer a way for you to see your upcoming installment payments in the app? We’ll let you know when we have more information – and there’s still some time before these features roll out in late March or beyond.
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