Finablr PLC, a global platform for payments, and Samsung Electronics America announced the launch of the Money Transfer feature in Samsung Pay. Samsung Pay Cross-Border Payments

This new in-app international money transfer service offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet.

Samsung Pay users in the U.S. can use their existing eligible pre-registered debit or credit cards in Samsung Pay to safely and securely send money in most major currencies to their recipients via Finablr’s global network. The service leverages Finablr’s global reach and distribution capabilities, providing a wide choice of payout options tailored to the preferences of the recipient – from bank deposits to cash available for pickup. This partnership marks a significant collaboration between Samsung and Finablr to launch such a service on a global scale.

Money Transfer in Samsung Pay is available now in the US and will be expanded to further markets in 2020.

Promoth Manghat, Group Chief Executive Officer at Finablr PLC, commented: “We are delighted to be partnering with Samsung to launch the new in-app Money Transfer service. Underpinned by our integrated technology platform, this service demonstrates our ability to drive payments innovation worldwide, in line with the strategic and financial outlook provided for our B2B and Payments Technology Solutions business at the time of IPO. Combining our industry-leading network and pioneering technology with Samsung’s leadership in the mobile device market allows us to drive innovation at a scale that is unique in the US$127 trillion global cross-border payments market. The launch of this product advances our mission to meet the needs of financial consumers and further strengthens our position as a partner of choice for global payments and technology companies. Samsung Pay Cross-Border Payments

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