Samsung Pay, the mobile payment service of South Korean technology giant Samsung, cooperates with the payment platform Finablr, a member of RippleNet, offering its users a cross-border payment function - Money Transfer.
Finablr announced the partnership on October 3, claiming that the new feature "offers users seamless and secure cross-border payments to 47 countries using various payment methods, all in Samsung's native mobile wallet".
In addition, Samsung Pay customers based in the United States are reportedly able to use their debit or credit cards to send money through the service.
For every issue, all fees and exchange rates are included in advance so users can know in advance how much they will be paying. The security system also uses tokenised authentication data supported by Samsung Knox.
Finally, while the Transfer of Money feature is now being introduced to the user base in the United States, the new service will be extended to more markets next year, states a press release.
