"Samsung's new Tap to Transfer feature allows Galaxy users to swiftly send money directly into bank accounts, simplifying peer-to-peer payments without third-party services."
"This feature enables users to easily transfer funds from debit cards stored in Samsung Wallet, using NFC technology to connect with recipients' wallets."
Samsung is enhancing peer-to-peer payments for Galaxy phone users with its new Tap to Transfer feature, set to launch soon in the US. This allows users to send money directly to a recipient's bank account without relying on third-party applications such as Venmo or Cash App. Utilizing NFC technology, it enables transfers from Visa or Mastercard debit cards via Samsung Wallet to any digital wallet or even a physical debit card. This innovation streamlines bill-splitting in various social scenarios, while also accommodating users who may not have compatible applications installed.
Read at The Verge
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