Bitcoin
$ 30,069.00 2.27%
Ethereum
$ 2,017.73 2.30%
Solana
$ 51.86 4.18%
Dogecoin
$ 0.085928 1.87%
ApeCoin
$ 7.97 0.02%
STEPN
$ 1.41 5.13%
Terra
$ 0.000188 62.01%

Samsung Pay: Samsung partners with Finablr to improve into Samsung Pay

Trump 1

Samsung Electronics America has unveiled a partnership with payment platform Finablr to improve its Samsung Pay service. Through the collaboration, Finablr will assist Samsung is adding a brand new money transfer feature in Samsung Pay. The service will enable cross-border payments across forty-seven countries via various payment options.

Finablr will help Samsung Pay in evolving

Through the collaboration, Samsung Pay would reach a greater audience through Finablr’s international reach. Samsung Pay is a convenient and secure method of payment. However, the userbase has been limited due to a lack of global reach. Finablr would solve this problem and significantly boost the use of the services.

Finablr partnered with Ripple in 2018. The company entered a partnership with Ripple to launch a cross-border remittance service to Asia using decentralized ledger technology. Although It is unclear whether the partnership with Samsung Pay has any link with Ripple’s services, Finablr is already using Ripple’s solutions.

The latest Money Transfer service is powered by Travelex. The company is a part of the Finablr group. The service would increase the transparency of the network in turn, boosting its security and convenience.

Money Transfer is the first step in the company’s vision to evolve its payment system. The main goal is to make Samsung Pay into a platform that eases customers’ financial activity.

Finablr’s CEO, Promoth Manghat, stated that the new service demonstrates their ability to drive payments innovation. Moreover, the partnership pushes the company’s goal of providing innovative solutions to users across the globe.

Samsung has been pro-active in the cryptocurrency market since the start of 2019. The company has launched its signature Galaxy S10 smartphone with a crypto wallet pre-installed. The wallet allows users to store private keys for Bitcoin, Ethereum, and various other cryptocurrencies.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related News

Hot Stories

Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Crypto exchanges are relisting LUNA after the crash
Shiba Inu price analysis: SHIB devalues at $0.00001150 after bearish run
Dogecoin price analysis: DOGE continues to face rejection below $0.1 mark
Shiba Inu price analysis: SHIB shows bullish potential at $0.00001196

Follow Us

Industry News

Crypto exchanges are relisting LUNA after the crash
TAG Heuer adopts crypto payment option
Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash
OpenSea launches Seaport NFT marketplace