Finablr, a global platform for payments, and Samsung Electronics America this week introduced the Money Transfer feature in Samsung Pay.
This new in-app international money transfer service, a first of its kind in the U.S., offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet. The service combines Samsung Pay’s convenience, scale and security with Finablr’s international reach and 40 years of cross-border payment expertise to put mobile payments into the hands of millions of consumers.
Samsung Pay users in the U.S. can use their existing eligible pre-registered debit or credit cards in Samsung Pay to safely and securely send money in most major currencies to their recipients via Finablr’s global network. The service leverages Finablr's global reach and distribution capabilities, providing a wide choice of payout options tailored to the preferences of the recipient – from bank deposits to cash available for pick up.
This partnership marks a significant collaboration between Samsung and Finablr to launch such a service with global scale.
Promoth Manghat, Group CEO, Finablr
We are delighted to be partnering with Samsung to launch this new in-app cross-border payments capability. Underpinned by our integrated technology platform, this service demonstrates our ability to drive payments innovation.
Sang W. Ahn, VP & Division Head, Content & Services, Samsung Electronics America
Money Transfer is a first step in our vision to evolve Samsung Pay into a platform that makes users’ financial lives more convenient.
