The Samsung Pay payment system, with more than 10 million users, has become a partner of the Finablr payment platform, a member of RippleNet, to provide cross-border money transfer functions to users of its applications.
Finablr said the new feature “offers users convenient and secure cross-border payments in 47 countries that are held in Samsung’s own mobile wallet.”
In addition, it is reported that Samsung Pay customers from the United States will be able to use their debit or credit cards through the service to send money.
In accordance with the release, all commissions and exchange rates are known in advance, which allows users to be aware of their costs. To ensure the security of the system, tokenized credentials supported by Samsung Knox are used.
The money transfer function already launched for users from the USA in the next year will be available in other markets.
It is worth noting that Samsung has long been interested in cryptocurrencies and even plans to release a new smartphone with support for digital tokens. Because of this, Changpeng Zhao even promised to buy the Samsung Galaxy S10.
Meanwhile, the South Korean Intellectual Property Office (KIPO) received a request from a certain Kim Nem-jin for the registration of the Samsung Coin trademark.