Samsung is expanding the ways of its official digital wallet name, ‘Samsung Wallet,’ as it now permits users to send and receive money in South Korea.
Samsung Wallet is becoming more convenient; South Korean users can now send and receive money, in addition to making mobile payments at offline stores. It’s expected that the company will expand this feature in more regions soon.
Samsung introduced a new feature named ‘Tap Transfer’ in the Samsung Wallet app. It permits Galaxy users to send and receive money by tapping the backs of their phones. It will use NFC and will be activated after an update to the Samsung Wallet app.
Noticeably, currently, it is only supported by the Woori Bank; however, the company assured that it will bring support for other banks soon. You can easily transfer money using Samsung Wallet; all you have to do is add your bank account details, enter the amount, and tap your phone together. Biometric verification is a must to complete the transaction.
To upgrade the privacy of both the users involved in the transfer process, the phone numbers of both users should be encrypted, and only the last four digits of the recipient’s phone number are viewed by the sender. For more convenience, you can set the Samsung Wallet app as your convenience so that you can receive money through Samsung Wallet’s new Tap Transfer feature even when your phone’s screen is locked.
