Samsung officially announced the innovation at the Galaxy Unpacked event to enhance its software ecosystem, including a few notable features for the Samsung Wallet.
The Korean tech giant is expanding the way of its Samsung Wallet to make it more convenient for users who prefer cashless payment by adding two new features as follows:
- Instant Installment
- Tap to Transfer
However, Samsung is slightly late since Apple already offered these two features for iPhone users. Let’s take a closer look at the features and how they will function.
Instant Installment
The instant installment will permit users to immediately purchase a product or service and then pay for it in installments. The company intentionally emphasized that it has no plans to stand out as a credit and financing institution, as its role will be to facilitate purchases and make related payments easier.
Noticeably, this service will be available for both physical & online stores, and Samsung Wallet will simply manage the payment plan from the device, all through the support of Visa or Mastercard credit cards.
Tap to Transfer
The second new addition is a peer-to-peer payment feature called Tap to Transfer. It will allow users to make a payment from one device to another by keeping them close to each other, even outside of Samsung Wallet; for instance, any other third-party digital wallets that are supported through Visa and Mastercard credit cards.
Noticeably, Samsung doesn’t offer these two features in the latest Galaxy S25 series, but it’s expected that it will be made available sometime in the second quarter of 2025.
