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Installment payments option will allow users to pay using the Samsung wallet in the conventional tap-to-pay method but made after the fact, at Splitit’s discretion

April 22, 2025 //  by Finnovate

Two new Samsung Wallet features in the pipeline including a new installment payment function and a money-sending tool, are likely to change how users interact with the app on a daily basis. The installment payments option will allow users to pay using the Samsung wallet in the conventional tap-to-pay method. In action, nothing feels different about using the tool. The main difference here is that installment payments will need to be made after the fact, at Splitit’s discretion. The disclosure notes that the option will be available for all Visa and Mastercard purchases, which should cover most storefront requirements. Send Money also appears in the leaked screenshots. According to the instructions in Samsung’s app, the function will work with a simple tap on another phone or a debit card. It’s likely that users will first need to enter some information prior to tapping, like the money amount. After that, an NFC tap will activate the transfer. The neat detail here is that one can tap someone else’s debit card to send them money. Samsung Wallet’s installment payments and money-sending features will likely be available soon for users in the US through a beta phase. It seems the beta is still open for enrollment, which would give you access to the two new features.

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Category: Members, Networks Processors & PSPs, Innovation Topics

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