Last updated: October 10, 2024 05:59 UTC+02:00
Samsung Wallet was only able to make mobile payments when making purchases in offline stores. However, you can now send and receive money with just a tap. This feature is being rolled out in South Korea and may be released in other countries in the future.
Send and receive money between Galaxy smartphones using Samsung Wallet’s “Tap Transfer” feature
Samsung has announced that it is introducing a new feature called “Tap Transfer” to the Samsung Wallet app. This will allow Galaxy smartphone users to send and receive money by tapping the back of their phone. This new feature works via NFC and will be enabled after updating the Samsung Wallet app.
If a Galaxy smartphone user wants to send money to another person via Samsung Wallet, they can add their bank account credentials to the app, enter the amount they need to send, and point the back of their phone to the other person’s You need to hold it against the back of your phone. Once the process begins, Samsung Wallet will request your biometrics (fingerprint).
This feature is currently supported by Woori Bank, and Samsung has confirmed that it will soon provide support to other banks.
To improve the privacy of both users involved in the transfer process, both users’ phone numbers are encrypted and only the last four digits of the recipient’s phone number are visible to the sender.
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Users can set up the Samsung Wallet app to allow them to receive money via Samsung Wallet’s tap transfer feature even when their phone’s screen is locked.
A Samsung Electronics official said, “We expect Samsung Wallet’s ‘tap transfer’ function to be used in situations where account transfer is required, such as direct transactions for used goods and allowances for children.” . In order to make it easier for users to enjoy a convenient mobile financial life using Samsung Wallet, we will continue to expand functions that are frequently used in daily work, such as adding accounts, ATM deposits and withdrawals, and transfer services. ”
Recently, Samsung added the Samsung Pay recharge card decoration feature to Samsung Wallet, allowing users to decorate their recharge cards as per their preference. Following support from Ajou University and Sungkyunkwan University, Samsung Wallet also received support from Pohang University of Science and Technology (POSTECH) to add university student ID functionality.
