14 May 2019
Samsung Pay is one of the best mobile payment solutions out there and since its debut, Samsung has continued improving it by adding new features from time to time. It has now released a new Samsung Pay beta that brings two major additions named Samsung Pay Cash card and support for international money transfers.
Samsung Pay Cash is essentially a virtual card with peer-to-peer payment support. It works similar to the Apple Pay Cash card that was released in 2017. It will allow users to send and request money from their family and friends within a matter of few taps. It can also be used for adding money to one's own wallet using any debit or credit card. It can also be used anywhere in the world as long as MasterCard is supported there and it supports MST as well as NFC.
Samsung Pay beta can also be used for making international payment transfers. Samsung has teamed up with Travelex to offer this new functionality. There is support for all the commonly used currencies for a quick transfer. Right on the transfer screen, it shows the amount you are sending and the amount recipient will receive in the respective currencies. It offers three delivery methods including Cash pickup, Bank deposit, and Premium. The interface shows the exact fee that you will need to pay for the selected transfer method.
Both these new features are currently limited to Samsung Pay beta users in the United States. There are no details regarding when and if the beta testing will be expanded to other markets. It is also unknown when we will get to see the stable version but we will keep you updated as any more details will surface.