Overview

• Samsung's Tap to Transfer feature will allow users to send money by tapping Galaxy devices together, using NFC for direct peer-to-peer payments.
• The service connects Visa and Mastercard debit cards stored in Samsung Wallet, eliminating the need for third-party apps like Venmo or Cash App.
• Payments will reach recipients' bank accounts within minutes, offering a faster and more seamless alternative to traditional transfers.
• Tap to Transfer supports interoperability, working with any digital wallet or directly with physical debit cards that have tap-to-pay functionality.
• Users can also send money remotely by searching for a recipient's phone number, enabling transfers even when not in close proximity.